Associated British Foods PLC (OTCMKTS:ASBFY) Short Interest Down 48.0% in March

Associated British Foods PLC (OTCMKTS:ASBFY) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 4,943 shares, a drop of 48.0% from the February 26th total of 9,509 shares. Based on an average daily trading volume, of 330,765 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Associated British Foods Stock Performance

ASBFY opened at $24.61 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.54 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $25.71 and its two-hundred day moving average price is $27.52. Associated British Foods has a 12-month low of $23.36 and a 12-month high of $31.96.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Sanford C. Bernstein lowered Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group lowered Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. The Goldman Sachs Group downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. Finally, Zacks Research lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Associated British Foods Company Profile

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.