Associated British Foods plc (OTCMKTS:ASBFY – Get Rating) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 400 shares, a decline of 94.0% from the June 30th total of 6,700 shares. Based on an average daily volume of 89,800 shares, the days-to-cover ratio is presently 0.0 days.
Associated British Foods Price Performance
Shares of OTCMKTS ASBFY opened at $20.34 on Thursday. Associated British Foods has a 12 month low of $18.13 and a 12 month high of $29.75. The stock has a 50-day moving average price of $20.08 and a two-hundred day moving average price of $22.38.
Associated British Foods Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, July 22nd. Shareholders of record on Friday, June 10th were paid a dividend of $0.139 per share. This represents a yield of 2.55%. The ex-dividend date of this dividend was Thursday, June 9th.
Analyst Upgrades and Downgrades
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, Sugar, Agriculture, Ingredients, 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.
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