Campbell Soup Company (NYSE:CPB) Short Interest Update

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

Campbell Soup Price Performance

NYSE CPB traded down $0.28 on Monday, hitting $38.98. 2,243,634 shares of the stock traded hands, compared to its average volume of 2,744,176. The company has a 50-day moving average price of $42.53. Campbell Soup has a twelve month low of $37.61 and a twelve month high of $52.81. The stock has a market capitalization of $11.62 billion, a P/E ratio of 21.30 and a beta of 0.19.

Analyst Ratings Changes

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

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.