Carlsberg AS (OTCMKTS:CABGY) Sees Significant Decrease in Short Interest

Carlsberg AS (OTCMKTS:CABGY) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 11,836 shares, a decline of 61.6% from the October 15th total of 30,828 shares. Based on an average trading volume of 44,136 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CABGY. Dnb Carnegie lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 9th. Barclays upgraded shares of Carlsberg AS from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Jefferies Financial Group cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Carlsberg AS Stock Up 0.5%

CABGY stock traded up $0.15 during trading on Friday, reaching $30.20. 20,883 shares of the stock traded hands, compared to its average volume of 27,589. The business’s 50 day moving average price is $27.69 and its 200-day moving average price is $27.56. Carlsberg AS has a 52-week low of $23.42 and a 52-week high of $32.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.66 and a quick ratio of 0.51.

About Carlsberg AS

Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. The company is headquartered in Copenhagen and produces, markets and sells beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664 Blanc and Grimbergen, as well as alcohol-free beers and other beverage products. Carlsberg serves consumers across Europe and Asia and in other markets worldwide through its own operations, subsidiaries and distribution partners. Jacob Aarup-Andersen became Carlsberg’s chief executive officer in 2023.