Short Interest in Carlsberg AS (OTCMKTS:CABGY) Decreases By 95.5%

Carlsberg AS (OTCMKTS:CABGY) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,643 shares, a decline of 95.5% from the May 31st total of 59,278 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 88,931 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CABGY. Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Berenberg Bank raised shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Carlsberg AS has an average rating of “Buy”.

Carlsberg AS Stock Performance

OTCMKTS CABGY opened at $27.01 on Friday. The company has a 50 day moving average of $26.31 and a 200-day moving average of $26.96. 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 1-year low of $23.10 and a 1-year high of $32.16.

About Carlsberg AS

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.