Will CARLSBERG AS (OTCMKTS:CABGY) Run Out of Steam Soon? Short Interest is Up

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. Jefferies initiated Carlsberg A S (ADR) (OTCMKTS:CABGY) on Tuesday, September 13 with “Hold” rating. The stock of Carlsberg A S (ADR) (OTCMKTS:CABGY) has “Outperform” rating given on Tuesday, January 26 by RBC Capital Markets. The company was upgraded on Thursday, January 7 by Societe Generale. The firm has “Sector Perform” rating given on Monday, August 22 by RBC Capital Markets. The company was downgraded on Thursday, August 20 by Societe Generale. The rating was downgraded by Societe Generale to “Hold” on Friday, August 19. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, August 20. The company was initiated on Monday, October 3 by Liberum Capital. The stock has “Mkt Perform” rating by Bernstein on Wednesday, January 6.

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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