Carlsberg A/S (OTCMKTS:CABGY) Sees Large Decrease in Short Interest

Carlsberg A/S (OTCMKTS:CABGY) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 8,300 shares, a decrease of 93.1% from the October 15th total of 120,800 shares. Based on an average daily volume of 227,400 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Barclays raised Carlsberg A/S to a “hold” rating in a research note on Monday, September 30th.

Carlsberg A/S Stock Performance

OTCMKTS:CABGY traded down $0.50 during mid-day trading on Thursday, hitting $20.26. The company’s stock had a trading volume of 210,953 shares, compared to its average volume of 114,520. Carlsberg A/S has a fifty-two week low of $20.10 and a fifty-two week high of $29.59. The stock has a fifty day moving average of $22.81 and a 200-day moving average of $24.56.

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.