Carlsberg AS (OTCMKTS:CABGY) Short Interest Down 63.1% in July

Carlsberg AS (OTCMKTS:CABGY) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,742 shares, a decrease of 63.1% from the June 30th total of 4,723 shares. Based on an average daily volume of 49,692 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Carlsberg AS Price Performance

CABGY stock opened at $28.71 on Wednesday. The stock’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $27.30. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 2.00. Carlsberg AS has a 12-month low of $23.10 and a 12-month high of $32.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Carlsberg AS from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

About Carlsberg AS

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.