Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 92.9% in February

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decline of 92.9% from the January 31st total of 32,300 shares. Based on an average daily trading volume, of 50,000 shares, the short-interest ratio is presently 0.0 days.

Associated British Foods Price Performance

ASBFY stock traded up $0.19 during trading on Monday, reaching $24.16. 19,951 shares of the stock were exchanged, compared to its average volume of 22,961. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. The business has a 50 day moving average price of $24.33 and a 200-day moving average price of $27.84. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $35.26.

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 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.