Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Decreases By 36.1%

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 11,700 shares, a drop of 36.1% from the February 29th total of 18,300 shares. Based on an average daily volume of 90,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. BNP Paribas raised Carlsberg A/S from a “neutral” rating to an “outperform” rating in a research note on Friday, January 12th. UBS Group raised Carlsberg A/S from a “sell” rating to a “neutral” rating in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Carlsberg A/S Stock Performance

Shares of CABGY stock traded up $0.16 during mid-day trading on Friday, hitting $27.47. 27,488 shares of the company’s stock were exchanged, compared to its average volume of 41,678. Carlsberg A/S has a fifty-two week low of $23.32 and a fifty-two week high of $33.70. The stock has a 50-day simple moving average of $26.90 and a two-hundred day simple moving average of $25.69. 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 firm also recently disclosed a dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.5255 per share. This is a boost from Carlsberg A/S’s previous dividend of $0.53. The ex-dividend date of this dividend was Tuesday, March 12th.

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.