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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a drop of 61.1% from the February 28th total of 3,600 shares. Based on an average daily trading volume, of 30,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Associated British Foods Trading Down 1.4 %

Shares of ASBFY stock opened at $24.64 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. Associated British Foods has a one year low of $22.69 and a one year high of $35.26. The company has a 50 day moving average price of $24.14 and a 200 day moving average price of $26.90.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of 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.