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

Associated British Foods PLC (OTCMKTS:ASBFY) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,759 shares, a decline of 26.7% from the January 29th total of 5,128 shares. Based on an average daily volume of 69,846 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 69,846 shares, the short-interest ratio is currently 0.1 days.

Associated British Foods Trading Up 1.1%

Shares of ASBFY opened at $26.62 on Monday. The business has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54. Associated British Foods has a 52 week low of $23.62 and a 52 week high of $31.96.

Analyst Ratings Changes

A number of research firms have recently issued reports on ASBFY. The Goldman Sachs Group downgraded Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Kepler Capital Markets raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Sanford C. Bernstein downgraded Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Zacks Research raised shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group downgraded shares of Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Associated British Foods currently has an average rating of “Hold”.

About Associated British Foods

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.