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

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 30,828 shares, a growth of 68.3% from the September 30th total of 18,319 shares. Based on an average daily trading volume, of 65,633 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CABGY shares. Jefferies Financial Group lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Barclays upgraded Carlsberg AS from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Carlsberg AS Trading Up 4.3%

OTCMKTS:CABGY opened at $30.30 on Tuesday. The stock’s fifty day moving average price is $27.13 and its two-hundred day moving average price is $27.40. Carlsberg AS has a 52-week low of $23.42 and a 52-week high of $32.16. The company has a quick ratio of 0.51, a current ratio of 0.66 and a debt-to-equity ratio of 1.14.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.