Carlsberg AS (OTCMKTS:CABGY) Shares Shorted: Short Interest Up 612.2% in September

Carlsberg AS (OTCMKTS:CABGY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 18,319 shares, a growth of 612.2% from the September 15th total of 2,572 shares. Based on an average daily trading volume, of 70,054 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Carlsberg AS Price Performance

OTCMKTS CABGY opened at $26.20 on Friday. The company’s 50 day moving average is $27.13 and its 200-day moving average is $26.83. Carlsberg AS has a 12-month low of $23.37 and a 12-month high of $32.16.

About Carlsberg AS

Carlsberg A/S is a Denmark-based brewing company and the parent of the Carlsberg Group. Founded in 1847 by brewer J.C. Jacobsen, the company has grown from its original brewery in Copenhagen into an international beverage business serving consumers across Europe and Asia, as well as other markets worldwide.

The company’s portfolio includes Carlsberg, Tuborg, 1664, Grimbergen, Somersby and other regional and local beer brands. In addition to traditional lager and specialty beers, Carlsberg produces cider, alcohol-free beverages and selected soft drinks.