Associated British Foods plc (OTCMKTS:ASBFY) Short Interest Up 233.3% in March

Associated British Foods plc (OTCMKTS:ASBFY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,000 shares, a growth of 233.3% from the February 29th total of 300 shares. Based on an average daily trading volume, of 10,600 shares, the days-to-cover ratio is presently 0.1 days.

Associated British Foods Price Performance

Associated British Foods stock opened at $31.75 on Thursday. The stock’s 50 day moving average price is $29.19 and its 200 day moving average price is $28.13. Associated British Foods has a 1-year low of $22.38 and a 1-year high of $31.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 1.83.

About Associated British Foods

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.