What’s Propelling CARLSBERG AS (OTCMKTS:CABGY) After Higher Shorts Reported?

September 17, 2017 - By Migdalia James

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

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

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