Short Interest in Carlsberg AS (OTCMKTS:CABGY) Decreases By 92.8%

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,130 shares, a drop of 92.8% from the April 15th total of 29,389 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 70,022 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. BNP Paribas Exane raised Carlsberg AS from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS has a consensus rating of “Buy”.

Carlsberg AS Trading Down 1.0%

Shares of CABGY stock traded down $0.28 during midday trading on Monday, reaching $26.62. 41,437 shares of the company traded hands, compared to its average volume of 36,841. The firm’s 50 day simple moving average is $26.44 and its two-hundred day simple moving average is $26.51. Carlsberg AS has a 1-year low of $23.10 and a 1-year high of $32.16. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46.

About Carlsberg AS

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.