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

Carlsberg A/S (OTCMKTS:CABGY) saw a significant growth in short interest in 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 trading volume of 355,900 shares, the days-to-cover ratio is currently 0.1 days.

Carlsberg A/S Stock Performance

Carlsberg A/S stock traded down $0.43 on Wednesday, hitting $20.56. 214,753 shares of the stock traded hands, compared to its average volume of 202,614. The business’s fifty day simple moving average is $22.30 and its 200 day simple moving average is $24.12. Carlsberg A/S has a 1 year low of $20.00 and a 1 year high of $29.59.

Analyst Upgrades and Downgrades

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

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.