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

Associated British Foods PLC (OTCMKTS:ASBFY) saw a significant 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 trading volume, of 84,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of research firms have recently commented on ASBFY. Sanford C. Bernstein downgraded Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Jefferies Financial Group downgraded shares of Associated British Foods from a “hold” rating to an “underperform” rating in a research note on Monday, December 15th. Zacks Research cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, The Goldman Sachs Group downgraded shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Associated British Foods Stock Up 0.7%

OTCMKTS ASBFY opened at $24.64 on Friday. Associated British Foods has a 12 month low of $23.62 and a 12 month high of $31.96. The company’s 50-day moving average price is $26.08 and its 200-day moving average price is $27.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.75 and a current ratio of 1.54.

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.