Thu Sep 26 15:04:21 UTC 2024: ## Short Interest in Associated British Foods Plummets by Over 50%

**LONDON, October 26, 2023** – Associated British Foods plc (OTCMKTS:ASBFY), a multinational food, retail, and ingredients company, experienced a significant drop in short interest during September. According to recent data, short interest fell by 51.9% to 2,500 shares as of September 15th, down from 5,200 shares on August 31st. This decrease suggests that investors are becoming more optimistic about the company’s future prospects.

This decline in short interest could be attributed to a number of factors, including positive financial results, favorable market conditions, or a change in investor sentiment. The company’s recent performance, including its robust financial results, may have encouraged investors to cover their short positions, leading to the observed decline in short interest.

While this is a positive sign for Associated British Foods, it is important to note that short interest can fluctuate rapidly based on various market factors. Investors should continue to monitor the company’s performance and news developments to gain a comprehensive understanding of its future trajectory.

Read More