Premier Foods PLC. (OTCMKTS:PRRFY) Sees Large Growth in Short Interest

Key Points

• Short interest in Premier Foods PLC increased by 50.0%, with total short interest reaching 900 shares as of August 31, up from 600 shares on August 15.
• The company recently announced a dividend increase, with a payment of $0.1608 per share, resulting in a yield of 117.0%, up from the previous dividend of $0.09.
• Royal Bank of Canada downgraded Premier Foods from a "moderate buy" to a "hold" rating, while the overall consensus rating remains "Buy" based on analyst assessments.

Premier Foods PLC. (OTCMKTS:PRRFY - Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 900 shares, a growth of 50.0% from the August 15th total of 600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Premier Foods Stock Performance

OTCMKTS:PRRFY remained flat at $12.69 on Friday. Premier Foods has a 1 year low of $10.45 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.13 and a current ratio of 1.51. The firm has a fifty day moving average price of $12.92 and a two-hundred day moving average price of $13.08.

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.