Short Interest in Premier Foods plc (OTCMKTS:PRRFY) Drops By 75.0%

Premier Foods plc (OTCMKTS:PRRFY) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 100 shares, a drop of 75.0% from the May 15th total of 400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,600 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut Premier Foods from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 27th.

Premier Foods Price Performance

OTCMKTS:PRRFY opened at $14.60 on Thursday. The stock has a 50 day simple moving average of $13.38 and a 200 day simple moving average of $12.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 0.76. Premier Foods has a 1-year low of $9.66 and a 1-year high of $14.85.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.