Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Down 37.4% in January

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 32,300 shares, a decline of 37.4% from the January 15th total of 51,600 shares. Based on an average daily volume of 46,500 shares, the short-interest ratio is currently 0.7 days.

Associated British Foods Price Performance

ASBFY opened at $24.26 on Friday. Associated British Foods has a 1-year low of $22.69 and a 1-year high of $35.26. The company has a 50 day simple moving average of $25.03 and a two-hundred day simple moving average of $28.47. The company has a current ratio of 1.78, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Associated British Foods from a “neutral” rating to a “sell” rating in a report on Thursday, January 16th.

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.