Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 63.1% in July

Carlsberg AS (OTCMKTS:CABGY) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,742 shares, a decline of 63.1% from the June 30th total of 4,723 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 49,692 shares, the days-to-cover ratio is currently 0.0 days.

Carlsberg AS Price Performance

Shares of OTCMKTS:CABGY opened at $27.69 on Monday. Carlsberg AS has a 1 year low of $23.10 and a 1 year high of $32.16. The firm’s 50-day moving average is $27.05 and its two-hundred day moving average is $27.26. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “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.