Short Interest in Campari Group (OTCMKTS:DVDCF) Increases By 58.9%

Campari Group (OTCMKTS:DVDCF) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 24,334,106 shares, an increase of 58.9% from the May 14th total of 15,316,078 shares. Based on an average daily trading volume, of 11,086 shares, the short-interest ratio is currently 2,195.0 days. Approximately 2.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Campari Group to a “hold” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Campari Group Stock Performance

Shares of Campari Group stock traded up $0.16 during trading on Tuesday, hitting $6.26. The stock had a trading volume of 560 shares, compared to its average volume of 10,230. The company has a current ratio of 2.22, a quick ratio of 0.93 and a debt-to-equity ratio of 0.57. Campari Group has a 12 month low of $6.07 and a 12 month high of $8.10. The business’s 50-day moving average is $6.84 and its 200 day moving average is $6.97.

Campari Group Company Profile

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.