Carlsberg AS (OTCMKTS:CABGY) Short Interest Update

Carlsberg AS (OTCMKTS:CABGY) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 1,742 shares, a drop of 63.1% from the June 30th total of 4,723 shares. Based on an average daily trading volume, of 49,692 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Carlsberg AS Stock Up 1.0%

Shares of Carlsberg AS stock opened at $27.95 on Tuesday. 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 52-week low of $23.10 and a 52-week high of $32.16. The company has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $27.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Carlsberg AS presently has an average 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.