Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Up 56.5% in February

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,600 shares, a growth of 56.5% from the February 13th total of 2,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Citigroup lowered Associated British Foods from a "neutral" rating to a "sell" rating in a research report on Thursday, January 16th.

Associated British Foods Stock Up 0.3 %

ASBFY stock traded up $0.07 during trading on Wednesday, reaching $24.89. 6,199 shares of the company's stock were exchanged, compared to its average volume of 21,019. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Associated British Foods has a 1-year low of $22.69 and a 1-year high of $35.26. The company's fifty day moving average price is $24.05 and its 200-day moving average price is $27.13.

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.