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 shares of the company are sold short. Based on an average daily volume of 88,931 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

CABGY has been the topic of a number of analyst reports. Berenberg Bank raised Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Carlsberg AS Stock Down 2.0%

OTCMKTS:CABGY opened at $26.48 on Friday. Carlsberg AS has a fifty-two week low of $23.10 and a fifty-two week high of $32.16. The firm’s fifty day simple moving average is $26.32 and its 200-day simple moving average is $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.

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.