Short Interest in Carlsberg AS (OTCMKTS:CABGY) Increases By 117.2%

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 6,300 shares, anincreaseof117.2% from the July 31st total of 2,900 shares. Based on an average daily trading volume, of 82,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 82,100 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research lowered Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Carlsberg AS Stock Performance

OTCMKTS:CABGY opened at $24.40 on Friday. Carlsberg AS has a 1 year low of $18.21 and a 1 year high of $30.22. The stock’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $26.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.57.

Carlsberg AS 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.