Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Declines By 42.9%

Associated British Foods plc (OTCMKTS:ASBFY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 31st total of 2,100 shares. Based on an average daily volume of 15,900 shares, the days-to-cover ratio is currently 0.1 days.

Associated British Foods Stock Down 1.0 %

Shares of ASBFY stock traded down $0.35 during mid-day trading on Friday, hitting $33.13. 194,289 shares of the stock traded hands, compared to its average volume of 12,743. Associated British Foods has a twelve month low of $22.38 and a twelve month high of $34.44. The company’s 50-day simple moving average is $30.19 and its 200-day simple moving average is $28.99. The company has a quick ratio of 0.96, a current ratio of 1.83 and a debt-to-equity ratio of 0.29.

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.