Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Up 113.1% in December

Associated British Foods plc (OTCMKTS:ASBFY) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 79,500 shares, an increase of 113.1% from the November 30th total of 37,300 shares. Based on an average daily volume of 63,400 shares, the days-to-cover ratio is currently 1.3 days.

Associated British Foods Trading Down 1.0 %

Shares of OTCMKTS ASBFY traded down $0.25 during midday trading on Friday, hitting $25.68. 14,433 shares of the stock traded hands, compared to its average volume of 11,736. Associated British Foods has a one year low of $24.46 and a one year high of $35.26. The business has a 50 day moving average price of $28.27 and a two-hundred day moving average price of $30.29. The company has a current ratio of 1.78, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

Associated British Foods Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be given a $0.9028 dividend. This is a positive change from Associated British Foods’s previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

Associated British Foods Company Profile

Associated British Foods plc operates as a diversified food, ingredients, and retail company worldwide. It operates through five segments: Grocery, Ingredients, Agriculture, Sugar, and Retail. The Grocery segment manufactures and sells grocery products, including hot beverages, sugar and sweeteners, vegetable oils, balsamic vinegars, bread and baked goods, cereals, ethnic foods, and meat products to retail, wholesale, and foodservice businesses.