Associated British Foods plc (OTCMKTS:ASBFY – Get Free Report) saw 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. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Thursday, January 16th.
Get Our Latest Analysis on Associated British Foods
Associated British Foods Stock Up 1.3 %
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.
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