Carlsberg A/S (OTCMKTS:CABGY – Get Free Report) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 33,600 shares, a drop of 44.2% from the January 31st total of 60,200 shares. Based on an average daily trading volume, of 407,700 shares, the days-to-cover ratio is currently 0.1 days.
Carlsberg A/S Stock Performance
Shares of Carlsberg A/S stock opened at $25.25 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.46 and a current ratio of 0.57. Carlsberg A/S has a 12 month low of $18.21 and a 12 month high of $29.59. The stock’s fifty day moving average price is $21.25 and its 200-day moving average price is $21.78.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CABGY. BNP Paribas downgraded Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barclays downgraded Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 14th.
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.
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