Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Declines By 91.5%

Carlsberg A/S (OTCMKTS:CABGY) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,300 shares, a decrease of 91.5% from the February 28th total of 15,300 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 831,800 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several research analysts have commented on CABGY shares. Royal Bank of Canada raised Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a report on Friday, March 14th. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Carlsberg A/S Price Performance

Shares of Carlsberg A/S stock traded down $0.17 during trading on Wednesday, reaching $25.06. 29,746 shares of the company traded hands, compared to its average volume of 283,867. Carlsberg A/S has a 1-year low of $18.21 and a 1-year high of $29.59. The company has a 50 day moving average price of $23.60 and a 200-day moving average price of $22.13. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.89.

Carlsberg A/S Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.7593 per share. The ex-dividend date is Wednesday, March 19th. This is a positive change from Carlsberg A/S’s previous dividend of $0.53.

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.