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

Associated British Foods plc (OTCMKTS:ASBFY) saw a significant increase in short interest in 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 trading volume, of 29,100 shares, the short-interest ratio is presently 1.0 days.

Associated British Foods Trading Up 0.9 %

Shares of OTCMKTS:ASBFY opened at $28.50 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.79 and a quick ratio of 0.91. The business’s 50 day simple moving average is $29.57 and its 200-day simple moving average is $31.19. Associated British Foods has a 12 month low of $27.03 and a 12 month high of $35.26.

Associated British Foods Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 13th will be given 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.

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.