Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 61.1% in March

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decline 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 presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Associated British Foods from a “neutral” rating to a “sell” rating in a research note on Thursday, January 16th.

Associated British Foods Stock Down 0.6 %

ASBFY opened at $25.39 on Friday. The company has a fifty day moving average of $24.18 and a 200 day moving average of $26.87. Associated British Foods has a fifty-two week low of $22.69 and a fifty-two week high of $35.26. 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 Company Profile

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.