Associated British Foods PLC (OTCMKTS:ASBFY) Stock Short Interest Report for October

Associated British Foods PLC (OTCMKTS:ASBFY) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 3,468 shares, a decrease of 82.3% from the October 15th total of 19,554 shares. Based on an average daily trading volume, of 93,354 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Associated British Foods Trading Up 0.1%

ASBFY opened at $26.53 on Friday. The stock has a fifty day moving average of $25.56 and a 200-day moving average of $25.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. Associated British Foods has a 12-month low of $23.36 and a 12-month high of $29.87.

Wall Street Analyst Weigh In

ASBFY has been the subject of several recent analyst reports. Kepler Capital Markets cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Zacks Research upgraded shares of Associated British Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Associated British Foods Company Profile

Associated British Foods plc is a diversified international group whose activities span food, ingredients, agriculture, sugar and retail. Its food businesses make and sell products such as tea, cereals, baking ingredients and grocery staples, with brands including Twinings, Ovaltine, Jordans and Ryvita. The group also supplies yeast and other ingredients to food manufacturers and operates agricultural businesses serving farmers and livestock producers. Through Primark, Associated British Foods operates an international clothing and homewares retailer.