Associated British Foods plc (OTCMKTS:ASBFY) Sees Significant Growth in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a growth of 233.3% from the February 29th total of 300 shares. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

Associated British Foods Stock Up 2.0 %

Associated British Foods stock opened at $31.75 on Thursday. Associated British Foods has a 52-week low of $22.38 and a 52-week high of $31.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 0.96. The firm has a 50-day moving average price of $29.19 and a two-hundred day moving average price of $28.13.

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.