Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Declines By 92.9%

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a decline of 92.9% from the January 31st total of 32,300 shares. Based on an average daily volume of 50,000 shares, the short-interest ratio is presently 0.0 days.

Associated British Foods Trading Down 1.6 %

Shares of OTCMKTS ASBFY traded down $0.38 during mid-day trading on Friday, reaching $23.70. The company had a trading volume of 9,089 shares, compared to its average volume of 23,276. The firm has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $27.94. Associated British Foods has a 52-week low of $22.69 and a 52-week high of $35.26. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

Separately, Citigroup cut Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Thursday, January 16th.

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.