Carlsberg AS (OTCMKTS:CABGY – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,643 shares, a drop of 95.5% from the May 31st total of 59,278 shares. Based on an average daily trading volume, of 88,931 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Carlsberg AS Trading Up 0.6%
Shares of OTCMKTS:CABGY traded up $0.16 during trading on Thursday, hitting $27.01. The company’s stock had a trading volume of 29,026 shares, compared to its average volume of 65,132. Carlsberg AS has a fifty-two week low of $23.10 and a fifty-two week high of $32.16. The company has a current ratio of 0.60, a quick ratio of 0.46 and a debt-to-equity ratio of 2.00. The stock’s 50-day moving average price is $26.29 and its two-hundred day moving average price is $26.95.
Analyst Upgrades and Downgrades
CABGY has been the subject of a number of analyst reports. Berenberg Bank upgraded Carlsberg AS from a “hold” rating to a “buy” rating in a report on Monday, March 16th. Zacks Research downgraded shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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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