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

Carlsberg AS (OTCMKTS:CABGY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 30,828 shares, an increase of 68.3% from the September 30th total of 18,319 shares. Based on an average daily trading volume, of 65,633 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Carlsberg AS Price Performance

OTCMKTS CABGY opened at $29.04 on Monday. The business has a fifty day moving average price of $27.08 and a two-hundred day moving average price of $27.38. Carlsberg AS has a fifty-two week low of $23.42 and a fifty-two week high of $32.16. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.51 and a current ratio of 0.66.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Barclays raised Carlsberg AS from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carlsberg AS currently has a consensus rating of “Moderate Buy”.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.