Short Interest in Carlsberg AS (OTCMKTS:CABGY) Declines By 39.4%

Carlsberg AS (OTCMKTS:CABGY) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 12,192 shares, a drop of 39.4% from the November 30th total of 20,123 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 87,602 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 87,602 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Carlsberg AS Stock Down 0.0%

Shares of CABGY stock opened at $25.99 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.70 and a quick ratio of 0.54. Carlsberg AS has a 1-year low of $18.21 and a 1-year high of $30.22. The firm has a fifty day moving average of $24.88 and a two-hundred day moving average of $25.38.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Carlsberg AS from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate 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.