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

Carlsberg AS (OTCMKTS:CABGY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,022 shares, a growth of 532.7% from the July 15th total of 1,742 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 57,287 shares, the short-interest ratio is currently 0.2 days.

Carlsberg AS Price Performance

Shares of OTCMKTS:CABGY opened at $28.68 on Wednesday. Carlsberg AS has a 12-month low of $23.10 and a 12-month high of $32.16. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. The stock’s 50-day moving average price is $27.59 and its 200-day moving average price is $27.49.

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.