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

Associated British Foods plc (OTCMKTS:ASBFY) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 14,400 shares, a growth of 80.0% from the April 30th total of 8,000 shares. Based on an average daily trading volume, of 19,800 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Associated British Foods Stock Down 0.6%

Shares of OTCMKTS ASBFY opened at $28.12 on Friday. The firm has a 50 day moving average of $27.50 and a 200 day moving average of $26.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. Associated British Foods has a 12-month low of $22.69 and a 12-month high of $34.30.

Associated British Foods Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 21st. Investors of record on Monday, June 2nd will be given a dividend of $0.2274 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 3.62%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut Associated British Foods from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, May 14th.

About Associated British Foods

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.