Associated British Foods PLC (OTCMKTS:ASBFY) Short Interest Down 95.7% in January

Associated British Foods PLC (OTCMKTS:ASBFY) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 5,128 shares, a decrease of 95.7% from the January 15th total of 118,271 shares. Based on an average trading volume of 125,413 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 125,413 shares, the days-to-cover ratio is currently 0.0 days.

Associated British Foods Stock Up 1.8%

Associated British Foods stock opened at $26.74 on Wednesday. The stock has a 50 day moving average of $27.21 and a two-hundred day moving average of $28.57. Associated British Foods has a twelve month low of $23.58 and a twelve month high of $31.96. The company has a quick ratio of 0.75, a current ratio of 1.54 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

A number of brokerages recently issued reports on ASBFY. Jefferies Financial Group downgraded Associated British Foods from a “hold” rating to an “underperform” rating in a report on Monday, December 15th. Zacks Research upgraded shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Kepler Capital Markets raised shares of Associated British Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Sanford C. Bernstein downgraded shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Associated British Foods Company Profile

Associated British Foods plc (OTCMKTS:ASBFY) is a diversified international food, ingredients and retail group headquartered in the United Kingdom. Founded in 1935, the company operates through multiple divisions that span grocery brands, sugar production and refining, ingredient and bakery systems, agriculture and a large value-fashion retail business. Its portfolio combines branded consumer goods with industrial food and agricultural operations, giving it exposure across the consumer staples and retail sectors.

On the grocery and branded side, the group owns and markets a range of food and beverage products, including well-known tea and grocery lines, while its ingredients businesses supply yeast, bakery ingredients and other inputs to commercial bakers and food manufacturers.