Carlsberg AS (OTCMKTS:CABGY) Shares Shorted: Short Interest Up 612.2% in September

Carlsberg AS (OTCMKTS:CABGY) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 18,319 shares, a growth of 612.2% from the September 15th total of 2,572 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 70,054 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Carlsberg AS has an average rating of “Moderate Buy”.

Carlsberg AS Price Performance

CABGY stock opened at $26.20 on Monday. The firm has a fifty day moving average price of $27.13 and a 200 day moving average price of $26.85. Carlsberg AS has a fifty-two week low of $23.37 and a fifty-two 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 Denmark-based brewing company and the parent of the Carlsberg Group. Founded in 1847 by brewer J.C. Jacobsen, the company has grown from its original brewery in Copenhagen into an international beverage business serving consumers across Europe and Asia, as well as other markets worldwide.

The company’s portfolio includes Carlsberg, Tuborg, 1664, Grimbergen, Somersby and other regional and local beer brands. In addition to traditional lager and specialty beers, Carlsberg produces cider, alcohol-free beverages and selected soft drinks.