Carlsberg AS (OTCMKTS:CABGY) Shares Shorted: Short Interest Up 68.3% in October

Carlsberg AS (OTCMKTS:CABGY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 30,828 shares, an increase of 68.3% from the September 30th total of 18,319 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 65,633 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CABGY shares. Barclays raised Carlsberg AS from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Jefferies Financial Group downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Carlsberg AS presently has a consensus rating of “Moderate Buy”.

Carlsberg AS Stock Performance

CABGY opened at $29.04 on Monday. Carlsberg AS has a fifty-two week low of $23.42 and a fifty-two week high of $32.16. The firm has a 50-day moving average of $27.08 and a 200 day moving average of $27.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.51 and a current ratio of 0.66.

Carlsberg AS Company Profile

Carlsberg A/S is a Denmark-based brewing company headquartered in Copenhagen. Founded in 1847 by brewer J.C. Jacobsen, the company has grown into an international beverage group with operations across Europe and Asia. Carlsberg is also associated with the Carlsberg Research Laboratory, established to support advances in brewing science.

The company’s portfolio includes beer, alcohol-free beer, ciders, and other ready-to-drink beverages. Its principal brands include Carlsberg, Tuborg, 1664, Grimbergen, and Somersby, alongside a range of local and regional brands.