Carlsberg AS (OTCMKTS:CABGY – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,787 shares, an increase of 359.5% from the April 30th total of 2,130 shares. Based on an average trading volume of 90,206 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Carlsberg AS Stock Down 2.2%
Shares of OTCMKTS CABGY opened at $26.90 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. The business has a fifty day simple moving average of $26.03 and a two-hundred day simple moving average of $26.75. Carlsberg AS has a twelve month low of $23.10 and a twelve month high of $32.16.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on CABGY shares. Zacks Research cut Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. One 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. Based on data from MarketBeat, the stock currently 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.
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