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

Associated British Foods PLC (OTCMKTS:ASBFY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 21,907 shares, an increase of 161.7% from the August 15th total of 8,370 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,367 shares, the days-to-cover ratio is currently 0.5 days.

Associated British Foods Stock Performance

OTCMKTS ASBFY opened at $25.32 on Tuesday. Associated British Foods has a 1 year low of $23.36 and a 1 year high of $31.11. The business’s fifty day moving average is $27.45 and its two-hundred day moving average is $25.99. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

Separately, Zacks Research raised Associated British Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About Associated British Foods

Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. The company operates through five principal businesses: Grocery, Ingredients, Agriculture, Sugar and Retail. Its food products include tea, coffee, cereal, bread, baking ingredients, condiments and other grocery items sold under brands such as Twinings, Ovaltine, Jordans, Ryvita, Kingsmill and Silver Spoon.

Through its ingredients operations, Associated British Foods supplies yeast, bakery ingredients and other specialty ingredients to food manufacturers and commercial bakeries.