Carlsberg A/S (OTCMKTS:CABGY) Short Interest Update

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 8,300 shares, a decline of 93.1% from the October 15th total of 120,800 shares. Based on an average daily volume of 227,400 shares, the short-interest ratio is presently 0.0 days.

Carlsberg A/S Stock Performance

CABGY stock traded up $0.17 during trading on Tuesday, hitting $21.29. 219,514 shares of the company’s stock traded hands, compared to its average volume of 113,588. The business has a fifty day simple moving average of $22.92 and a two-hundred day simple moving average of $24.64. Carlsberg A/S has a 1 year low of $20.62 and a 1 year high of $29.59.

Analysts Set New Price Targets

Separately, Barclays upgraded Carlsberg A/S to a “hold” rating in a report on Monday, September 30th.

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.