Carlsberg AS (OTCMKTS:CABGY) Sees Large Decrease in Short Interest

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

Carlsberg AS Stock Up 0.6%

CABGY stock traded up $0.16 during trading on Thursday, hitting $27.01. 29,026 shares of the company’s stock traded hands, compared to its average volume of 65,132. 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 stock has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $26.95.

Wall Street Analysts Forecast Growth

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

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.