Short Interest in Premier Foods plc (OTCMKTS:PRRFY) Drops By 75.0%

Premier Foods plc (OTCMKTS:PRRFY) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 100 shares, a decrease of 75.0% from the May 15th total of 400 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded Premier Foods from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 27th.

Premier Foods Price Performance

PRRFY opened at $14.60 on Thursday. Premier Foods has a 12-month low of $9.66 and a 12-month high of $14.85. The business has a 50 day moving average of $13.38 and a 200-day moving average of $12.40. The company has a quick ratio of 0.76, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

About Premier Foods

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.