Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Expands By 34.7%

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 37,300 shares, an increase of 34.7% from the November 15th total of 27,700 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is currently 1.2 days.

Associated British Foods Stock Performance

Shares of Associated British Foods stock traded up $0.01 on Friday, reaching $27.12. 23,329 shares of the company were exchanged, compared to its average volume of 11,378. Associated British Foods has a 1-year low of $26.98 and a 1-year high of $35.26. The company has a quick ratio of 0.91, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The company's 50-day moving average is $29.23 and its two-hundred day moving average is $30.83.

Associated British Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.9028 per share. This is a positive change from Associated British Foods's previous dividend of $0.21. The ex-dividend date is Friday, December 13th.

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.