Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Increases By 101.6%

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 26,000 shares, an increase of 101.6% from the May 15th total of 12,900 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Carlsberg A/S Price Performance

CABGY stock traded down $0.83 on Tuesday, reaching $27.09. The company had a trading volume of 1,449,496 shares, compared to its average volume of 203,742. The company's fifty day moving average is $27.77 and its 200 day moving average is $24.23. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.57 and a quick ratio of 0.46. Carlsberg A/S has a 1 year low of $18.21 and a 1 year high of $30.22.

Analysts Set New Price Targets

CABGY has been the subject of several research reports. Royal Bank of Canada raised Carlsberg A/S from a "sector perform" rating to an "outperform" rating in a report on Friday, March 14th. Hsbc Global Res downgraded Carlsberg A/S from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Berenberg Bank upgraded shares of Carlsberg A/S to a "strong-buy" rating in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Carlsberg A/S 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.