Associated British Foods PLC (OTCMKTS:ASBFY) Short Interest Up 153.0% in February

Associated British Foods PLC (OTCMKTS:ASBFY) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 9,509 shares, an increase of 153.0% from the February 12th total of 3,759 shares. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 84,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ASBFY shares. 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. Sanford C. Bernstein cut Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group downgraded Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Finally, Zacks Research raised Associated British Foods from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Two research 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. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Associated British Foods Stock Up 0.5%

OTCMKTS:ASBFY opened at $25.02 on Thursday. The firm’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $27.92. The company has a quick ratio of 0.75, a current ratio of 1.54 and a debt-to-equity ratio of 0.28. Associated British Foods has a fifty-two week low of $23.62 and a fifty-two week high of $31.96.

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.