Carlsberg AS (OTCMKTS:CABGY) Sees Significant Drop in Short Interest

Key Points

• Carlsberg AS experienced a significant decline in short interest in September, dropping to 300 shares, a 50.0% decrease from August's total of 600 shares.
• Zacks Research downgraded Carlsberg AS from a "strong-buy" to a "hold" rating, contributing to a mixed analyst outlook on the stock.
• As of the latest trading session, shares of Carlsberg AS fell to $23.47, significantly below its 52-week high of $30.22.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 300 shares, a decline of 50.0% from the August 31st total of 600 shares. Based on an average trading volume of 84,700 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 84,700 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Carlsberg AS from a "strong-buy" rating to a "hold" rating in a research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

Carlsberg AS Price Performance

Shares of OTCMKTS CABGY traded down $0.35 during trading hours on Friday, hitting $23.47. 41,098 shares of the stock were exchanged, compared to its average volume of 47,113. The company's 50 day moving average is $24.39 and its 200 day moving average is $26.39. Carlsberg AS has a one year low of $18.21 and a one year high of $30.22.

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.

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