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

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

Associated British Foods Stock Performance

Shares of ASBFY opened at $28.23 on Thursday. Associated British Foods has a 12 month low of $27.03 and a 12 month high of $35.26. The firm has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $31.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.91 and a current ratio of 1.79.

Associated British Foods Increases Dividend

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

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.