Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Increases By 491.6%

Carlsberg A/S (OTCMKTS:CABGY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 49,100 shares, a growth of 491.6% from the October 31st total of 8,300 shares. Based on an average daily volume of 355,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 14th.

Carlsberg A/S Stock Up 1.1 %

OTCMKTS CABGY traded up $0.22 on Friday, reaching $20.78. 126,310 shares of the company’s stock traded hands, compared to its average volume of 211,063. Carlsberg A/S has a 12 month low of $20.00 and a 12 month high of $29.59. The stock has a 50-day simple moving average of $22.19 and a 200 day simple moving average of $24.07.

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.