Carlsberg A/S (OTCMKTS:CABGY – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 8,400 shares, a drop of 14.3% from the December 15th total of 9,800 shares. Based on an average daily volume of 686,200 shares, the days-to-cover ratio is currently 0.0 days.
Carlsberg A/S Stock Performance
OTCMKTS:CABGY opened at $19.36 on Friday. The company’s 50 day moving average is $19.88 and its 200-day moving average is $22.23. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.59 and a quick ratio of 0.46. Carlsberg A/S has a 12 month low of $18.21 and a 12 month high of $29.59.
Analysts Set New Price Targets
CABGY has been the subject of a number of research analyst reports. BNP Paribas lowered shares of Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barclays lowered Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th.
Carlsberg A/S 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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