Campbell Soup Company (NYSE:CPB) Short Interest Up 10.9% in December

Campbell Soup Company (NYSE:CPB) saw a significant growth in short interest in 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. Currently, 8.3% of the company’s stock are sold short. Based on an average trading volume of 2,430,000 shares, the days-to-cover ratio is currently 6.7 days.

Wall Street Analysts Forecast Growth

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

Campbell Soup Stock Performance

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

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.