Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Rises By 623.1%

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,400 shares, an increase of 623.1% from the March 15th total of 1,300 shares. Based on an average trading volume of 245,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analyst Weigh In

CABGY has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of Carlsberg A/S from a "sector perform" rating to an "outperform" rating in a research note on Friday, March 14th. Berenberg Bank raised Carlsberg A/S to a "strong-buy" rating in a research report on Wednesday, April 2nd.

Carlsberg A/S Trading Up 0.6 %

Shares of CABGY stock traded up $0.17 during trading hours on Friday, hitting $27.48. 39,914 shares of the company were exchanged, compared to its average volume of 237,579. Carlsberg A/S has a fifty-two week low of $18.21 and a fifty-two week high of $29.59. The company has a 50 day simple moving average of $25.39 and a two-hundred day simple moving average of $22.44. 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.7593 per share. The ex-dividend date was Wednesday, March 19th. This is a positive change from Carlsberg A/S's previous dividend of $0.53.

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.