Short Interest in Carlsberg AS (OTCMKTS:CABGY) Decreases By 92.8%

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

Carlsberg AS Trading Down 1.0%

Shares of OTCMKTS CABGY traded down $0.28 during mid-day trading on Monday, hitting $26.62. 41,437 shares of the company were exchanged, compared to its average volume of 36,841. 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 stock has a 50 day simple moving average of $26.44 and a 200-day simple moving average of $26.51. Carlsberg AS has a 1-year low of $23.10 and a 1-year high of $32.16.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Carlsberg AS from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Berenberg Bank upgraded shares of Carlsberg AS from a “hold” rating to a “buy” rating in a research note on Monday, March 16th. Finally, Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.