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

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,400 shares, a decrease of 61.1% from the February 28th total of 3,600 shares. Based on an average daily volume of 30,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Associated British Foods Stock Down 0.6 %

Shares of ASBFY stock traded down $0.17 on Friday, reaching $25.39. 6,015 shares of the stock were exchanged, compared to its average volume of 19,388. The stock has a 50 day moving average price of $24.18 and a 200 day moving average price of $26.84. Associated British Foods has a one year low of $22.69 and a one year high of $35.26. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

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

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.