Associated British Foods plc (OTCMKTS:ASBFY) Sees Large Increase in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 14,400 shares, an increase of 80.0% from the April 30th total of 8,000 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 19,800 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut shares of Associated British Foods from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Associated British Foods Price Performance

ASBFY stock traded up $0.38 on Wednesday, reaching $28.41. The company had a trading volume of 95,767 shares, compared to its average volume of 53,929. The company's fifty day moving average is $27.69 and its 200 day moving average is $26.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 0.98. Associated British Foods has a 1 year low of $22.69 and a 1 year high of $34.17.

Associated British Foods Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, June 2nd will be given a $0.2274 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 3.62%.

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.