Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Up 17.8% in January

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 51,600 shares, a growth of 17.8% from the December 31st total of 43,800 shares. Based on an average trading volume of 55,300 shares, the short-interest ratio is presently 0.9 days.

Associated British Foods Trading Up 0.5 %

Shares of OTCMKTS ASBFY traded up $0.11 during midday trading on Wednesday, reaching $23.06. 28,489 shares of the company were exchanged, compared to its average volume of 26,195. Associated British Foods has a one year low of $22.69 and a one year high of $35.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78. The stock's 50-day moving average price is $25.75 and its 200-day moving average price is $28.85.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of 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.