Carlsberg A/S (OTCMKTS:CABGY) Short Interest Up 491.6% in November

Carlsberg A/S (OTCMKTS:CABGY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 49,100 shares, an increase 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 presently 0.1 days.

Analysts Set New Price Targets

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

Carlsberg A/S Stock Performance

Shares of CABGY opened at $20.78 on Thursday. Carlsberg A/S has a 1 year low of $20.00 and a 1 year high of $29.59. The business has a 50-day moving average of $22.25 and a 200-day moving average of $24.10.

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.