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

Carlsberg AS (OTCMKTS:CABGY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,417 shares, a decline 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 currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Carlsberg AS Stock Performance

Shares of OTCMKTS:CABGY opened at $26.23 on Monday. Carlsberg AS has a 1 year low of $23.10 and a 1 year high of $32.16. The business has a fifty day moving average price of $28.12 and a two-hundred day moving average price of $27.14. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60.

Carlsberg AS Company Profile

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.