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

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a large decrease in short interest in 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. Based on an average daily trading volume, of 831,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Carlsberg A/S Price Performance

OTCMKTS:CABGY traded up $0.46 during trading hours on Friday, reaching $25.52. 96,229 shares of the company were exchanged, compared to its average volume of 280,632. The stock has a 50 day simple moving average of $23.72 and a 200 day simple moving average of $22.16. Carlsberg A/S has a 52-week low of $18.21 and a 52-week 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.

Carlsberg A/S Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a dividend of $0.7593 per share. The ex-dividend date was Wednesday, March 19th. This is an increase from Carlsberg A/S’s previous dividend of $0.53.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CABGY. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised shares of Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 14th.

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.