Short Interest in Carlsberg A/S (OTCMKTS:CABGY) Increases By 491.6%

Carlsberg A/S (OTCMKTS:CABGY) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 49,100 shares, a growth of 491.6% from the October 31st total of 8,300 shares. Based on an average daily volume of 355,900 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Barclays lowered shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a report on Thursday, November 14th.

Carlsberg A/S Trading Up 1.1 %

CABGY traded up $0.22 during trading on Friday, reaching $20.78. 126,310 shares of the company’s stock were exchanged, compared to its average volume of 211,063. The firm has a fifty day moving average price of $22.19 and a two-hundred day moving average price of $24.07. Carlsberg A/S has a one year low of $20.00 and a one year high of $29.59.

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.