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

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

Analysts Set New Price Targets

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

Associated British Foods Trading Up 1.8 %

ASBFY stock traded up $0.42 during midday trading on Friday, reaching $24.23. The stock had a trading volume of 27,820 shares, compared to its average volume of 24,177. The business has a fifty day simple moving average of $26.04 and a two-hundred day simple moving average of $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 has a twelve month low of $23.12 and a twelve month high of $35.26.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, January 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.9028 per share. 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.

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.