Premier Foods plc (OTCMKTS:PRRFY) Sees Significant Growth in Short Interest

Premier Foods plc (OTCMKTS:PRRFY - 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 400 shares, an increase of 33.3% from the April 30th total of 300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lowered shares of Premier Foods from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, May 27th.

Premier Foods Price Performance

Shares of Premier Foods stock remained flat at $13.55 on Thursday. 22 shares of the stock were exchanged, compared to its average volume of 911. Premier Foods has a 1 year low of $9.66 and a 1 year high of $14.85. The business has a 50 day moving average of $13.23 and a 200 day moving average of $12.33. The company has a quick ratio of 0.76, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

Premier Foods Company Profile

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.