Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Decreases By 44.9%

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

Associated British Foods Stock Up 1.3 %

Shares of OTCMKTS:ASBFY opened at $23.91 on Tuesday. The firm’s 50 day simple moving average is $27.23 and its 200 day simple moving average is $29.75. The company has a current ratio of 1.78, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. Associated British Foods has a fifty-two week low of $23.60 and a fifty-two week high of $35.26.

Associated British Foods Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 13th will be given 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 is Friday, December 13th.

About Associated British Foods

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.