Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 52.8% in August

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,417 shares, a decline of 52.8% from the August 15th total of 7,245 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 49,970 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday. One 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.com, the stock presently has a consensus rating of “Moderate Buy”.

Carlsberg AS Price Performance

CABGY stock opened at $26.64 on Wednesday. The stock’s 50 day simple moving average is $28.03 and its 200 day simple moving average is $27.08. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. Carlsberg AS has a 12-month low of $23.10 and a 12-month high of $32.16.

Carlsberg AS Company Profile

Carlsberg A/S is a Danish brewing and beverage company founded in 1847 by brewer J.C. Jacobsen. Headquartered in Copenhagen, the company developed from the original Carlsberg brewery into an international group serving consumers across Europe and Asia.

The company’s core business is the production, marketing and distribution of beer and other beverages. Its portfolio includes Carlsberg, Tuborg, 1664, Grimbergen and Somersby, along with a range of local and regional beer brands. Carlsberg also offers alcohol-free beer, ciders and soft drinks in selected markets.

Carlsberg sells its products through retail, hospitality and other distribution channels in numerous countries.