Associated British Foods plc (OTCMKTS:ASBFY) Sees Large Growth in Short Interest

Associated British Foods plc (OTCMKTS:ASBFY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 15,700 shares, a growth of 34.2% from the October 15th total of 11,700 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is presently 1.0 days.

Associated British Foods Stock Performance

Shares of ASBFY stock traded up $0.46 during trading hours on Friday, hitting $28.75. 14,225 shares of the company’s stock were exchanged, compared to its average volume of 10,668. Associated British Foods has a fifty-two week low of $27.90 and a fifty-two week high of $35.26. The company has a current ratio of 1.79, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $29.85 and a two-hundred day moving average of $31.63.

Associated British Foods Increases Dividend

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

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.