Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Declines By 91.5%

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 91.5% from the February 28th total of 15,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 831,800 shares, the days-to-cover ratio is currently 0.0 days.

Carlsberg A/S Stock Performance

Shares of OTCMKTS CABGY traded up $0.16 during midday trading on Friday, hitting $25.68. The company's stock had a trading volume of 51,068 shares, compared to its average volume of 276,648. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 0.89. The business's fifty day simple moving average is $23.85 and its two-hundred day simple moving average is $22.18. Carlsberg A/S has a 1 year low of $18.21 and a 1 year high of $29.59.

Carlsberg A/S Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a $0.7593 dividend. This is an increase from Carlsberg A/S's previous dividend of $0.53. The ex-dividend date was Wednesday, March 19th.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CABGY. 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. BNP Paribas cut Carlsberg A/S from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

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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.