Associated British Foods plc (OTCMKTS:ASBFY) Sees Significant Increase in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) 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.

Associated British Foods Stock Up 1.3 %

OTCMKTS:ASBFY traded up $0.31 during trading hours on Friday, reaching $24.18. 16,710 shares of the stock were exchanged, compared to its average volume of 21,629. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $24.08 and a two-hundred day moving average of $27.34. Associated British Foods has a twelve month low of $22.69 and a twelve month high of $35.26.

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.