Premier Foods plc (OTCMKTS:PFODF) Sees Large Drop in Short Interest

Premier Foods plc (OTCMKTS:PFODF) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 53,697 shares, a decline of 77.9% from the May 31st total of 242,487 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ? days.

Premier Foods Price Performance

PFODF remained flat at $2.42 during trading on Monday. The stock’s 50 day moving average is $2.42 and its 200-day moving average is $2.45. Premier Foods has a 1-year low of $2.24 and a 1-year high of $2.55.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued a “sector perform” rating on shares of Premier Foods in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Premier Foods Company Profile

Premier Foods plc is a leading British food manufacturer and supplier of ambient grocery products. Headquartered in St. Albans, England, the company develops, produces and markets a broad portfolio of branded and specialty food products across sweet and savory categories. Premier Foods serves major retailers in the United Kingdom and exports selected brands to markets in Europe, North America and Asia.

The company’s portfolio includes well-known household names such as Bisto gravies and sauces, Oxo stock cubes, Mr Kipling baked goods, Sharwood’s Asian cooking sauces, Branston pickles, Ambrosia custards and rice puddings, Loyd Grossman pasta sauces, and Cadbury cakes.