Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 90.5% in August

Key Points

• Carlsberg AS experienced a drastic decrease in short interest in August, falling by 90.5% to only 600 shares by the end of the month.
• The company's stock price increased 0.6% to $24.32 with a trading volume of nearly 40,000 shares, below its average volume.
• Zacks Research downgraded Carlsberg AS from a "strong-buy" rating to a "hold," with the current consensus rating being "Hold" among analysts.

Carlsberg AS (OTCMKTS:CABGY - Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, a decrease of 90.5% from the August 15th total of 6,300 shares. Based on an average daily trading volume, of 193,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 193,100 shares, the days-to-cover ratio is presently 0.0 days.

Carlsberg AS Trading Up 0.6%

Shares of CABGY traded up $0.15 during mid-day trading on Thursday, reaching $24.32. 39,744 shares of the company's stock were exchanged, compared to its average volume of 154,294. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.44 and a current ratio of 0.57. The business's fifty day simple moving average is $25.88 and its 200-day simple moving average is $26.63. Carlsberg AS has a 52-week low of $18.21 and a 52-week high of $30.22.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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 assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold".

About Carlsberg AS

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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