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

September 17, 2017 - By Adrian Erickson

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

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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