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

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 12,192 shares, a decline of 39.4% from the November 30th total of 20,123 shares. Based on an average daily volume of 87,602 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 87,602 shares, the short-interest ratio is presently 0.1 days.

Carlsberg AS Stock Performance

OTCMKTS CABGY opened at $26.19 on Tuesday. Carlsberg AS has a 1 year low of $18.21 and a 1 year high of $30.22. The business’s fifty day moving average is $24.91 and its two-hundred day moving average is $25.34. The company has a quick ratio of 0.54, a current ratio of 0.70 and a debt-to-equity ratio of 2.41.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Carlsberg AS from a “neutral” rating to a “buy” rating in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Carlsberg AS

Carlsberg A/S is a Danish multinational brewer founded in 1847 and headquartered in Copenhagen. The company is primarily engaged in the brewing, marketing and distribution of beer, cider and related beverages. Its portfolio comprises global and regional beer brands, led by the Carlsberg and Tuborg names, alongside a range of local brands tailored to specific markets. Carlsberg also operates maltings and brewing facilities and provides packaging and logistics services that support its beverage operations.

Carlsberg sells products across Europe and Asia and maintains a presence in numerous other markets through wholly owned subsidiaries, joint ventures and export arrangements.