Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, a growth of 56.5% from the February 13th total of 2,300 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.
Analysts Set New Price Targets
Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a research report on Thursday, January 16th.
Get Our Latest Stock Analysis on ASBFY
Associated British Foods Stock Performance
Associated British Foods Company Profile
Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.
See Also
- Five stocks we like better than Associated British Foods
- What is the MACD Indicator and How to Use it in Your Trading
- How to Build the Ultimate Everything ETF Portfolio
- How to Invest in Blue Chip Stocks
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- Insider Trades May Not Tell You What You Think
- 3 Stocks With High ROE and Market-Beating Growth Potential
Receive News & Ratings for Associated British Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated British Foods and related companies with MarketBeat.com's FREE daily email newsletter.