Today CARLSBERG AS (OTCMKTS:CABGY) Reported Increase in Shorted Shares

September 17, 2017 - By Vivian Park

The stock of CARLSBERG AS (OTCMKTS:CABGY) registered an increase of 4228.64% in short interest. CABGY’s total short interest was 891,700 shares in September as published by FINRA. Its up 4228.64% from 20,600 shares, reported previously. With 757,800 shares average volume, it will take short sellers 1 days to cover their CABGY’s short positions.

The stock decreased 1.85% or $0.43 on September 15, reaching $22.85. About 60,358 shares traded. Carlsberg A S (ADR) (OTCMKTS:CABGY) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Carlsberg A/S is a Denmark-based company active within the brewing industry. The company has market cap of $13.84 billion. It is primarily engaged in the production, marketing and sale of beer and soft drinks. It currently has negative earnings. The Company’s portfolio consists of a range of beer and cider brands, including Carlsberg, Kronenbourg, Baltika, Somersby, Holsten, Tuborg, Lav and Lvivske, among others.

Carlsberg A S (ADR) (OTCMKTS:CABGY) Ratings Coverage

Among 6 analysts covering Carlsberg AS (OTCMKTS:CABGY), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Carlsberg AS had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Carlsberg A S (ADR) (OTCMKTS:CABGY) earned “Hold” rating by Jefferies on Tuesday, September 13. The firm earned “Mkt Perform” rating on Wednesday, January 6 by Bernstein. The firm has “Sell” rating by Societe Generale given on Thursday, August 20. The rating was downgraded by Societe Generale on Friday, August 19 to “Hold”. Societe Generale upgraded the shares of CABGY in report on Thursday, January 7 to “Buy” rating. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, August 20 report. The stock of Carlsberg A S (ADR) (OTCMKTS:CABGY) earned “Sector Perform” rating by RBC Capital Markets on Monday, August 22. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, January 26. Liberum Capital initiated the shares of CABGY in report on Monday, October 3 with “Buy” rating.

More news for Carlsberg A S (ADR) (OTCMKTS:CABGY) were recently published by: Benzinga.com, which released: “World’s Biggest Beer Companies Get Some Help From Europe” on May 07, 2017. Seekingalpha.com‘s article titled: “Carlsberg’s (CABGY) CEO Cees ‘t Hart on Q4 2016 Results – Earnings Call Transcript” and published on February 08, 2017 is yet another important article.

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