Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Increases By 292.9%

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 5,500 shares, a growth of 292.9% from the March 15th total of 1,400 shares. Based on an average trading volume of 16,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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 Stock Up 3.0 %

OTCMKTS ASBFY traded up $0.85 on Friday, reaching $29.55. 621,569 shares of the stock traded hands, compared to its average volume of 49,857. Associated British Foods has a 12 month low of $22.69 and a 12 month 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 firm's fifty day simple moving average is $25.04 and its 200 day simple moving average is $26.50.

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.