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

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 27,700 shares, an increase of 76.4% from the October 31st total of 15,700 shares. Based on an average daily volume of 29,100 shares, the short-interest ratio is presently 1.0 days.

Associated British Foods Trading Up 0.8 %

Associated British Foods stock traded up $0.23 during trading hours on Friday, reaching $28.23. 14,182 shares of the company were exchanged, compared to its average volume of 15,982. Associated British Foods has a 12 month low of $27.03 and a 12 month high of $35.26. The company has a quick ratio of 0.91, a current ratio of 1.79 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $29.60 and a 200 day moving average of $31.23.

Associated British Foods Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 13th will be issued a $0.9028 dividend. The ex-dividend date is Friday, December 13th. This is an increase from Associated British Foods’s previous dividend of $0.21.

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.