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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 2,300 shares, a drop of 92.9% from the January 31st total of 32,300 shares. Based on an average daily volume of 50,000 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

Associated British Foods Price Performance

OTCMKTS ASBFY traded up $0.27 during mid-day trading on Friday, reaching $23.97. 14,105 shares of the stock were exchanged, compared to its average volume of 23,039. The company has a quick ratio of 0.98, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. Associated British Foods has a 1-year low of $22.69 and a 1-year high of $35.26. The business’s fifty day simple moving average is $24.33 and its 200 day simple moving average is $27.89.

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.