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

Carlsberg A/S (OTCMKTS:CABGY) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 9,800 shares, a decline of 82.4% from the November 30th total of 55,600 shares. Based on an average trading volume of 486,200 shares, the days-to-cover ratio is presently 0.0 days.

Carlsberg A/S Stock Up 0.3 %

OTCMKTS CABGY traded up $0.05 during mid-day trading on Thursday, hitting $19.40. The stock had a trading volume of 231,040 shares, compared to its average volume of 135,928. The firm’s 50 day moving average is $20.94 and its 200 day moving average is $23.01. Carlsberg A/S has a twelve month low of $18.70 and a twelve month high of $29.59.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a report 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.