Carlsberg A/S (OTCMKTS:CABGY) Sees Significant Increase in Short Interest

Carlsberg A/S (OTCMKTS:CABGY) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 9,400 shares, an increase of 623.1% from the March 15th total of 1,300 shares. Based on an average daily volume of 245,400 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CABGY shares. Royal Bank of Canada raised shares of Carlsberg A/S from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 14th. Berenberg Bank upgraded Carlsberg A/S to a “strong-buy” rating in a research note on Wednesday, April 2nd.

Carlsberg A/S Trading Up 1.2 %

Shares of OTCMKTS:CABGY traded up $0.30 during trading hours on Wednesday, hitting $26.05. The company’s stock had a trading volume of 34,198 shares, compared to its average volume of 241,251. 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 firm’s fifty day moving average price is $25.08 and its 200 day moving average price is $22.35. Carlsberg A/S has a 52 week low of $18.21 and a 52 week high of $29.59.

Carlsberg A/S Increases Dividend

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

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.