Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 542,176 shares, a growth of 727.8% from the June 15th total of 65,499 shares. Based on an average trading volume of 730,569 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.
Analyst Ratings Changes
A number of equities research analysts recently commented on ASBFY shares. Royal Bank Of Canada lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Zacks Research lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Associated British Foods has a consensus rating of “Reduce”.
Read Our Latest Report on Associated British Foods
Associated British Foods Price Performance
Associated British Foods Company Profile
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.
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