Associated British Foods PLC (OTCMKTS:ASBFY) Short Interest Update

Associated British Foods PLC (OTCMKTS:ASBFY) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 3,759 shares, a decline of 26.7% from the January 29th total of 5,128 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 69,846 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 69,846 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Associated British Foods Stock Up 1.1%

OTCMKTS:ASBFY opened at $26.62 on Monday. Associated British Foods has a fifty-two week low of $23.62 and a fifty-two week high of $31.96. The firm has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54.

Analyst Ratings Changes

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

About Associated British Foods

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.