Carlsberg A/S (OTCMKTS:CABGY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 38,700 shares, an increase of 83.4% from the January 15th total of 21,100 shares. Based on an average daily volume of 218,900 shares, the days-to-cover ratio is currently 0.2 days.
Shares of OTCMKTS CABGY opened at $32.91 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.63. Carlsberg A/S has a 52 week low of $30.35 and a 52 week high of $38.75. The firm’s fifty day moving average is $33.40 and its 200 day moving average is $33.64.
Several brokerages have issued reports on CABGY. Barclays reiterated an “overweight” rating on shares of Carlsberg A/S in a research report on Thursday, October 28th. Zacks Investment Research lowered shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Monday, January 17th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Carlsberg A/S in a report on Tuesday, November 30th. DNB Markets upgraded shares of Carlsberg A/S from a “hold” rating to a “buy” rating in a report on Monday, February 7th. Finally, Credit Suisse Group lowered their price objective on shares of Carlsberg A/S from 1,350.00 to 1,330.00 and set an “outperform” rating for the company in a report on Monday, February 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $684.00.
About Carlsberg A/S
Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Ringnes, Falcon, Baltika, Beerlao, and Chonqing. It operates through the following geographical segments: Western Europe, Eastern Europe, and Asia. The company was founded by Jacob Christian Jacobsen in 1883 and is headquartered in Copenhagen, Denmark.