Carlsberg A/S (OTCMKTS:CABGY) Short Interest Up 13.2% in November

Carlsberg A/S (OTCMKTS:CABGY) was the target of a large increase in short interest in the month of 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BNP Paribas cut Carlsberg A/S from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barclays downgraded shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 14th.

Carlsberg A/S Price Performance

CABGY stock traded down $0.11 during trading on Monday, reaching $20.25. The company had a trading volume of 201,315 shares, compared to its average volume of 127,801. Carlsberg A/S has a 52 week low of $20.00 and a 52 week high of $29.59. The business has a 50 day moving average of $21.54 and a 200 day moving average of $23.43.

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.