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

Associated British Foods PLC (OTCMKTS:ASBFY) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,759 shares, a decrease of 26.7% from the January 29th total of 5,128 shares. Based on an average daily volume of 69,846 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 69,846 shares, the short-interest ratio is presently 0.1 days.

Associated British Foods Stock Down 0.2%

ASBFY opened at $25.64 on Wednesday. Associated British Foods has a 1 year low of $23.62 and a 1 year high of $31.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54. The business has a fifty day simple moving average of $26.66 and a 200 day simple moving average of $28.16.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Kepler Capital Markets raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. The Goldman Sachs Group cut shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Jefferies Financial Group downgraded shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research report on Monday, December 15th. Zacks Research raised shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Sanford C. Bernstein lowered Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Associated British Foods

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.