Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Rises By 120.0%

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,400 shares, a growth of 120.0% from the March 31st total of 2,000 shares. Based on an average daily volume of 65,400 shares, the days-to-cover ratio is presently 0.1 days.

Carlsberg A/S Stock Performance

OTCMKTS CABGY traded up $0.07 during trading on Friday, hitting $27.40. 3,385,638 shares of the company traded hands, compared to its average volume of 130,298. Carlsberg A/S has a 12 month low of $23.32 and a 12 month high of $33.70. The business has a fifty day simple moving average of $27.09 and a 200 day simple moving average of $25.77. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.64 and a quick ratio of 0.52.

Carlsberg A/S Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 13th were paid a $0.5255 dividend. This is an increase from Carlsberg A/S’s previous dividend of $0.53. The ex-dividend date was Tuesday, March 12th.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas upgraded Carlsberg A/S from a “neutral” rating to an “outperform” rating in a report on Friday, January 12th. UBS Group raised shares of Carlsberg A/S from a “sell” rating to a “neutral” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.