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

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 9,787 shares, a growth of 359.5% from the April 30th total of 2,130 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 90,206 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have commented on CABGY shares. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Zacks Research downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Carlsberg AS Stock Down 2.2%

Shares of CABGY opened at $26.90 on Friday. Carlsberg AS has a fifty-two week low of $23.10 and a fifty-two week high of $32.16. The firm’s 50 day moving average price is $26.03 and its 200 day moving average price is $26.75. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00.

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.