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

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant increase in short interest during the month of 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 75,500 shares, the short-interest ratio is currently 0.1 days.

Carlsberg AS Stock Up 1.7%

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Carlsberg AS Company Profile

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.