Campari Group (OTCMKTS:DVDCF – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 15,581,803 shares, a decrease of 34.5% from the June 15th total of 23,795,341 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 4,218 shares, the short-interest ratio is currently 3,694.1 days.
Campari Group Trading Up 5.6%
Campari Group stock opened at $6.57 on Friday. The company has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.93 and a current ratio of 2.22. Campari Group has a one year low of $6.07 and a one year high of $8.10.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Campari Group to a “hold” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
About Campari Group
Campari Group is an Italian-based global beverage company specializing in the production, marketing and distribution of premium spirits and wines. Founded in Milan in 1860 by Gaspare Campari, the company has built a diversified portfolio of iconic brands that span various categories, including aperitifs, liqueurs, vodka, whiskey, rum, gin and ready-to-drink (RTD) cocktails.
The company’s flagship product, Campari, is a bright red, bittersweet aperitif known for its distinctive taste and versatility in classic cocktails such as the Negroni and Americano.
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