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

Carlsberg A/S (OTCMKTS:CABGY) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 33,600 shares, a drop of 44.2% from the January 31st total of 60,200 shares. Based on an average daily trading volume, of 407,700 shares, the days-to-cover ratio is currently 0.1 days.

Carlsberg A/S Trading Down 0.2 %

CABGY stock opened at $25.21 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $21.77. Carlsberg A/S has a twelve month low of $18.21 and a twelve month high of $29.59.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays lowered Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 14th. BNP Paribas lowered Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

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.