Carlsberg AS (OTCMKTS:CABGY) Short Interest Up 78.7% in June

Carlsberg AS (OTCMKTS:CABGY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,723 shares, an increase of 78.7% from the June 15th total of 2,643 shares. Based on an average daily trading volume, of 75,500 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Carlsberg AS Price Performance

Shares of CABGY opened at $28.25 on Friday. The stock has a fifty day moving average price of $26.86 and a 200 day moving average price of $27.18. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.46 and a current ratio of 0.60. Carlsberg AS has a 12 month low of $23.10 and a 12 month high of $32.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlsberg AS presently has an average rating of “Buy”.

Carlsberg AS Company Profile

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.