Associated British Foods PLC (OTCMKTS:ASBFY) Sees Large Decrease in Short Interest

Associated British Foods PLC (OTCMKTS:ASBFY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 8,370 shares, a decline of 38.2% from the July 30th total of 13,533 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 77,414 shares, the days-to-cover ratio is presently 0.1 days.

Associated British Foods Stock Down 0.5%

Associated British Foods stock opened at $27.62 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.69 and a current ratio of 1.51. Associated British Foods has a fifty-two week low of $23.36 and a fifty-two week high of $31.11. The firm’s 50-day simple moving average is $27.30 and its 200 day simple moving average is $25.96.

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.