Short Interest in Associated British Foods plc (OTCMKTS:ASBFY) Declines By 42.9%

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,200 shares, a drop of 42.9% from the March 31st total of 2,100 shares. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 0.1 days.

Associated British Foods Price Performance

OTCMKTS ASBFY traded down $0.35 during mid-day trading on Friday, reaching $33.13. 194,289 shares of the stock were exchanged, compared to its average volume of 12,743. Associated British Foods has a one year low of $22.38 and a one year high of $34.44. The stock has a 50 day simple moving average of $30.19 and a 200-day simple moving average of $28.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.83 and a quick ratio of 0.96.

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.