Associated British Foods PLC (OTCMKTS:ASBFY) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Associated British Foods PLC (OTCMKTS:ASBFY – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 1,758 shares, a decline of 39.5% from the September 15th total of 2,907 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 212,584 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

ASBFY has been the subject of a number of research analyst reports. Kepler Capital Markets cut shares of Associated British Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 16th. Zacks Research lowered shares of Associated British Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

View Our Latest Stock Report on Associated British Foods

Associated British Foods Price Performance

ASBFY stock opened at $25.88 on Friday. Associated British Foods has a 12-month low of $23.36 and a 12-month high of $31.11. The business’s 50-day moving average is $26.20 and its 200 day moving average is $25.93. The company has a current ratio of 1.51, a quick ratio of 0.69 and a debt-to-equity ratio of 0.26.

Associated British Foods Company Profile

(Get Free Report)

Associated British Foods plc is a diversified international food, ingredients, agriculture and retail group. Its food businesses produce and market grocery products, including bread, cereals, sugar, tea, coffee, condiments, cooking ingredients and specialty foods. The company’s portfolio includes brands such as Twinings, Ovaltine, Jordans, Ryvita, Silver Spoon, Kingsmill and Patak’s, alongside a range of private-label products.

Through ABF Ingredients, the company supplies yeast, enzymes, bakery ingredients, specialty ingredients and other food-processing products to commercial customers.

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