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

Associated British Foods plc (OTCMKTS:ASBFY) was the recipient of a significant 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 trading volume, of 15,000 shares, the days-to-cover ratio is presently 1.0 days.

Associated British Foods Stock Down 4.6 %

ASBFY stock opened at $27.44 on Friday. The business’s 50-day moving average price is $29.85 and its 200-day moving average price is $31.63. The company has a quick ratio of 0.91, a current ratio of 1.79 and a debt-to-equity ratio of 0.29. Associated British Foods has a twelve month low of $27.29 and a twelve month high of $35.26.

Associated British Foods Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend 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.