Carlsberg A/S (OTCMKTS:CABGY) Sees Significant Decrease in Short Interest

Carlsberg A/S (OTCMKTS:CABGY) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a decrease of 91.5% from the February 28th total of 15,300 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 831,800 shares, the days-to-cover ratio is presently 0.0 days.

Carlsberg A/S Price Performance

Shares of OTCMKTS:CABGY traded down $0.17 during trading hours on Thursday, hitting $25.06. The stock had a trading volume of 29,746 shares, compared to its average volume of 283,867. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46. The stock’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $22.13. Carlsberg A/S has a 1-year low of $18.21 and a 1-year high of $29.59.

Carlsberg A/S Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.7593 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Carlsberg A/S’s previous dividend of $0.53.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 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.