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

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 9,800 shares, a drop of 82.4% from the November 30th total of 55,600 shares. Based on an average daily trading volume, of 486,200 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

CABGY has been the topic of several research reports. BNP Paribas cut 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 Price Performance

Shares of CABGY traded up $0.08 during mid-day trading on Friday, hitting $19.48. 314,114 shares of the company’s stock were exchanged, compared to its average volume of 136,641. Carlsberg A/S has a 52 week low of $18.70 and a 52 week high of $29.59. The company has a 50-day simple moving average of $20.79 and a 200 day simple moving average of $22.89.

About Carlsberg A/S

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.