Carlsberg AS (OTCMKTS:CABGY) Short Interest Up 78.7% in June

Carlsberg AS (OTCMKTS:CABGY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,723 shares, an increase of 78.7% from the June 15th total of 2,643 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 75,500 shares, the short-interest ratio is currently 0.1 days.

Carlsberg AS Trading Down 1.6%

OTCMKTS:CABGY opened at $28.25 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.60 and a quick ratio of 0.46. Carlsberg AS has a one year low of $23.10 and a one year high of $32.16. The company’s 50-day simple moving average is $26.86 and its 200 day simple moving average is $27.18.

Analyst Ratings Changes

Separately, 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.