Carlsberg AS (OTCMKTS:CABGY) Short Interest Update

Carlsberg AS (OTCMKTS:CABGY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 14,700 shares, an increase of 4,800.0% from the September 15th total of 300 shares. Based on an average daily volume of 97,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 97,400 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Carlsberg AS has a consensus rating of “Hold”.

Carlsberg AS Price Performance

OTCMKTS:CABGY opened at $24.35 on Friday. Carlsberg AS has a 52-week low of $18.21 and a 52-week high of $30.22. The stock has a fifty day moving average of $24.03 and a 200 day moving average of $26.27.

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.