Short Interest in Carlsberg AS (OTCMKTS:CABGY) Decreases By 39.4%

Carlsberg AS (OTCMKTS:CABGY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 12,192 shares, a drop of 39.4% from the November 30th total of 20,123 shares. Based on an average trading volume of 87,602 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 87,602 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Carlsberg AS Stock Performance

Shares of OTCMKTS:CABGY opened at $25.99 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41. Carlsberg AS has a 52-week low of $18.21 and a 52-week high of $30.22. The company has a 50 day moving average of $24.88 and a two-hundred day moving average of $25.38.

Carlsberg AS Company Profile

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.