Carlsberg A/S (OTCMKTS:CABGY) Sees Large Increase in Short Interest

Carlsberg A/S (OTCMKTS:CABGY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 212,900 shares, a growth of 2,434.5% from the December 31st total of 8,400 shares. Based on an average daily volume of 645,700 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

Carlsberg A/S Stock Performance

Shares of Carlsberg A/S stock traded up $0.49 during trading hours on Thursday, reaching $21.09. The company’s stock had a trading volume of 104,144 shares, compared to its average volume of 361,923. Carlsberg A/S has a one year low of $18.21 and a one year high of $29.59. The firm has a 50 day moving average price of $19.84 and a 200-day moving average price of $21.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.46 and a current ratio of 0.59.

About Carlsberg A/S

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.