Carlsberg AS (OTCMKTS:CABGY) Sees Significant Decrease in Short Interest

Carlsberg AS (OTCMKTS:CABGY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average daily volume of 84,700 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 84,700 shares, the short-interest ratio is currently 0.0 days.

Carlsberg AS Stock Performance

CABGY opened at $23.47 on Monday. The stock’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $26.39. Carlsberg AS has a 1-year low of $18.21 and a 1-year high of $30.22.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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.