Associated British Foods plc (OTCMKTS:ASBFY) Sees Significant Growth in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,100 shares, an increase of 110.0% from the March 15th total of 1,000 shares. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 0.2 days.

Associated British Foods Stock Down 1.9 %

ASBFY opened at $29.76 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 1.83. The stock’s 50 day simple moving average is $29.64 and its 200 day simple moving average is $28.58. Associated British Foods has a 1 year low of $22.38 and a 1 year high of $32.79.

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.