Carlsberg A/S (OTCMKTS:CABGY) Sees Significant Growth in Short Interest

Carlsberg A/S (OTCMKTS:CABGY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 212,900 shares, a growth of 2,434.5% from the December 31st total of 8,400 shares. Based on an average daily trading volume, of 645,700 shares, the days-to-cover ratio is currently 0.3 days.

Carlsberg A/S Stock Performance

Shares of CABGY stock traded up $0.49 during trading hours on Thursday, hitting $21.09. 104,144 shares of the company’s stock traded hands, compared to its average volume of 361,923. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.59 and a quick ratio of 0.46. The stock’s fifty day simple moving average is $19.84 and its two-hundred day simple moving average is $21.93. Carlsberg A/S has a 12-month low of $18.21 and a 12-month high of $29.59.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays cut Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 14th. BNP Paribas downgraded Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

About Carlsberg A/S

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.