Associated British Foods PLC (OTCMKTS:ASBFY) Short Interest Down 48.0% in March

Associated British Foods PLC (OTCMKTS:ASBFY) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,943 shares, a decrease of 48.0% from the February 26th total of 9,509 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 330,765 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Jefferies Financial Group lowered shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Sanford C. Bernstein cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, The Goldman Sachs Group downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Associated British Foods has a consensus rating of “Hold”.

Associated British Foods Trading Up 1.2%

Shares of ASBFY opened at $24.61 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.54 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $25.71 and its 200 day moving average price is $27.52. Associated British Foods has a twelve month low of $23.36 and a twelve month high of $31.96.

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.