Carlsberg A/S (OTCMKTS:CABGY) Sees Large Increase in Short Interest

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) was the target of a large increase in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,800 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

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

Carlsberg A/S Price Performance

OTCMKTS CABGY traded down $0.36 during trading hours on Friday, reaching $28.56. 1,033,982 shares of the company's stock were exchanged, compared to its average volume of 189,691. Carlsberg A/S has a one year low of $18.21 and a one year high of $30.22. The firm has a fifty day moving average of $27.70 and a 200-day moving average of $24.13. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 0.89.

About Carlsberg A/S

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.