Carlsberg AS (OTCMKTS:CABGY) Short Interest Update

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,130 shares, a decline of 92.8% from the April 15th total of 29,389 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 70,022 shares, the short-interest ratio is currently 0.0 days.

Carlsberg AS Trading Down 0.1%

Shares of OTCMKTS CABGY opened at $26.58 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. The business’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $26.52. Carlsberg AS has a 52 week low of $23.10 and a 52 week high of $32.16.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CABGY shares. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Carlsberg AS currently has a consensus rating of “Buy”.

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.