Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Drops By 14.3%

Carlsberg A/S (OTCMKTS:CABGY) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 8,400 shares, a drop of 14.3% from the December 15th total of 9,800 shares. Based on an average daily volume of 686,200 shares, the days-to-cover ratio is currently 0.0 days.

Carlsberg A/S Price Performance

OTCMKTS:CABGY traded up $0.05 during mid-day trading on Friday, hitting $19.36. 237,588 shares of the company’s stock were exchanged, compared to its average volume of 290,709. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.28. Carlsberg A/S has a one year low of $18.21 and a one year high of $29.59. The business has a fifty day moving average price of $19.85 and a 200 day moving average price of $22.19.

Analyst Ratings Changes

Several analysts recently weighed in on CABGY shares. BNP Paribas cut shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barclays lowered Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 14th.

Carlsberg A/S Company Profile

Carlsberg A/S produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally. The company offers core, craft, and specialty beers; soft drinks; and alcohol-free brews under various brands. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.