Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 52.8% in August

by · The Cerbat Gem

Carlsberg AS (OTCMKTS:CABGY – Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,417 shares, a drop of 52.8% from the August 15th total of 7,245 shares. Based on an average daily volume of 49,970 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Carlsberg AS Stock Performance

OTCMKTS:CABGY opened at $26.23 on Monday. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. The firm’s 50 day moving average is $28.12 and its 200 day moving average is $27.14.

Carlsberg AS Company Profile

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Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. Headquartered in Copenhagen, the company developed from the original Carlsberg brewery into an international group serving consumers across Europe and Asia.

The company’s core business is the production, marketing and distribution of beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664, Grimbergen and Somersby, along with a range of local and regional beer brands. Carlsberg also offers alcohol-free beer, ciders and soft drinks in selected markets.

Carlsberg sells its products through retail, hospitality and other distribution channels in numerous countries.

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