Short Interest in Campbell Soup Company (NYSE:CPB) Rises By 10.9%

Campbell Soup Company (NYSE:CPB) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 16,220,000 shares, a growth of 10.9% from the December 15th total of 14,630,000 shares. Approximately 8.3% of the shares of the company are short sold. Based on an average daily volume of 2,430,000 shares, the days-to-cover ratio is presently 6.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a report on Friday, September 27th.

Campbell Soup Price Performance

Shares of CPB traded down $0.28 during midday trading on Monday, hitting $38.98. 2,243,634 shares of the stock traded hands, compared to its average volume of 2,744,176. Campbell Soup has a 1-year low of $37.61 and a 1-year high of $52.81. The company’s 50 day simple moving average is $42.53. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 21.30 and a beta of 0.19.

About Campbell Soup

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.