Carlsberg AS (OTCMKTS:CABGY) Sees Large Increase in Short Interest

by · The Cerbat Gem

Carlsberg AS (OTCMKTS:CABGY – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 4,723 shares, an increase of 78.7% from the June 15th total of 2,643 shares. Based on an average daily trading volume, of 75,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Check Out Our Latest Stock Report on CABGY

Carlsberg AS Stock Performance

OTCMKTS:CABGY opened at $28.71 on Friday. The company’s 50 day moving average is $26.84 and its 200-day moving average is $27.17. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16.

Carlsberg AS Company Profile

(Get Free Report)

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.

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