Carlsberg A/S (OTCMKTS:CABGY) Short Interest Update

Carlsberg A/S (OTCMKTS:CABGY) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 15,300 shares, a decline of 54.5% from the February 13th total of 33,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 266,500 shares, the short-interest ratio is currently 0.1 days.

Carlsberg A/S Price Performance

Shares of CABGY opened at $26.65 on Friday. Carlsberg A/S has a one year low of $18.21 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.46 and a current ratio of 0.57. The firm has a 50 day simple moving average of $22.48 and a two-hundred day simple moving average of $21.99.

Carlsberg A/S Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.7593 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from Carlsberg A/S’s previous dividend of $0.53.

Wall Street Analysts Forecast Growth

CABGY has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a report on Friday. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

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.