Associated British Foods PLC (OTCMKTS:ASBFY) Stock Short Interest Drops 86.7%

Associated British Foods PLC (OTCMKTS:ASBFY) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,907 shares, a decrease of 86.7% from the August 31st total of 21,907 shares. Based on an average trading volume of 87,799 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms recently weighed in on ASBFY. Kepler Capital Markets lowered shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 16th. Zacks Research raised Associated British Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Three investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Associated British Foods Price Performance

OTCMKTS:ASBFY traded up $0.15 during trading hours on Friday, hitting $24.72. The stock had a trading volume of 26,082 shares, compared to its average volume of 115,442. The company has a quick ratio of 0.69, a current ratio of 1.51 and a debt-to-equity ratio of 0.26. Associated British Foods has a 1-year low of $23.36 and a 1-year high of $31.11. The business has a 50 day simple moving average of $27.14 and a two-hundred day simple moving average of $25.92.

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.