Premier Foods PLC. (OTCMKTS:PRRFY) Sees Significant Increase in Short Interest

Key Points

• Premier Foods PLC experienced a significant increase in short interest of 2,150.0% in July, rising from 200 shares to 4,500 shares as of July 15th.
• The company declared a dividend increase to $0.1608 per share, boosting its yield to 117.0% compared to the previous dividend of $0.09.
• Analysts at the Royal Bank of Canada have downgraded Premier Foods from a "moderate buy" to a "hold" rating in a report published on May 27th.

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,500 shares, agrowthof2,150.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 2,300 shares, the short-interest ratio is currently 2.0 days.

Premier Foods Stock Performance

PRRFY stock remained flat at $12.53 during trading on Friday. The company's stock had a trading volume of 207 shares, compared to its average volume of 1,176. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.51. Premier Foods has a one year low of $10.45 and a one year high of $14.85. The company has a fifty day simple moving average of $13.56 and a two-hundred day simple moving average of $12.77.

Premier Foods Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1608 per share. This is a boost from Premier Foods's previous dividend of $0.09. The ex-dividend date is Friday, June 27th. This represents a yield of 117.0%.

Analysts Set New Price Targets

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

About Premier Foods

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.

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