Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Update

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 43,800 shares, a decrease of 44.9% from the December 31st total of 79,500 shares. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is currently 1.1 days.

Associated British Foods Trading Up 1.8 %

Shares of ASBFY stock traded up $0.42 during mid-day trading on Friday, reaching $24.23. The stock had a trading volume of 27,820 shares, compared to its average volume of 24,177. Associated British Foods has a 52-week low of $23.12 and a 52-week high of $35.26. The stock’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $29.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 13th were issued a $0.9028 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from Associated British Foods’s previous dividend of $0.21.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Associated British Foods from a “neutral” rating to a “sell” rating in a research report on Thursday, January 16th.

About Associated British Foods

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.