Premier Foods plc (OTCMKTS:PFODF) Short Interest Update

Premier Foods plc (OTCMKTS:PFODF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 53,697 shares, a decline of 77.9% from the May 31st total of 242,487 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Premier Foods Stock Performance

Premier Foods stock opened at $2.42 on Friday. The company’s 50-day moving average price is $2.42 and its 200-day moving average price is $2.45. Premier Foods has a twelve month low of $2.24 and a twelve month high of $2.55.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Premier Foods in a report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Premier Foods

Premier Foods plc is a leading British food manufacturer and supplier of ambient grocery products. Headquartered in St. Albans, England, the company develops, produces and markets a broad portfolio of branded and specialty food products across sweet and savory categories. Premier Foods serves major retailers in the United Kingdom and exports selected brands to markets in Europe, North America and Asia.

The company’s portfolio includes well-known household names such as Bisto gravies and sauces, Oxo stock cubes, Mr Kipling baked goods, Sharwood’s Asian cooking sauces, Branston pickles, Ambrosia custards and rice puddings, Loyd Grossman pasta sauces, and Cadbury cakes.