Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Increases By 13.2%

Carlsberg A/S (OTCMKTS:CABGY - Get Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 55,600 shares, an increase of 13.2% from the November 15th total of 49,100 shares. Based on an average daily trading volume, of 538,000 shares, the days-to-cover ratio is currently 0.1 days.

Carlsberg A/S Price Performance

OTCMKTS:CABGY traded down $0.11 during trading hours on Friday, reaching $20.25. The company's stock had a trading volume of 201,315 shares, compared to its average volume of 127,801. The firm has a 50-day simple moving average of $21.54 and a 200-day simple moving average of $23.46. Carlsberg A/S has a 1 year low of $20.00 and a 1 year high of $29.59.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CABGY shares. Barclays cut Carlsberg A/S from a "hold" rating to a "strong sell" rating in a report on Thursday, November 14th. BNP Paribas lowered Carlsberg A/S from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th.

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.