Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 44.9% in December

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 43,800 shares, a decrease of 44.9% from the December 15th total of 79,500 shares. Based on an average daily trading volume, of 40,500 shares, the days-to-cover ratio is currently 1.1 days.

Associated British Foods Stock Performance

Associated British Foods stock opened at $23.95 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.91. Associated British Foods has a fifty-two week low of $23.60 and a fifty-two week high of $35.26. The stock has a fifty day moving average of $27.09 and a two-hundred day moving average of $29.71.

Associated British Foods Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be paid a $0.9028 dividend. This is an increase from Associated British Foods’s previous dividend of $0.21. The ex-dividend date of this dividend is Friday, December 13th.

About Associated British Foods

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.