Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 44.9% in January

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 43,800 shares, a decrease of 44.9% from the December 31st total of 79,500 shares. Based on an average trading volume of 40,500 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded 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 Down 3.2 %

Shares of OTCMKTS ASBFY traded down $0.78 during mid-day trading on Friday, reaching $23.45. 7,765 shares of the company were exchanged, compared to its average volume of 24,177. Associated British Foods has a 52 week low of $23.12 and a 52 week high of $35.26. The company's 50 day moving average price is $25.95 and its 200 day moving average price is $29.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.78.

Associated British Foods Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, January 27th. Investors of record on Friday, December 13th were issued a dividend of $0.9028 per share. This is a boost from Associated British Foods's previous dividend of $0.21. The ex-dividend date was 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.