Campbell Soup Company (NYSE:CPB) Short Interest Up 9.4% in October

Campbell Soup Company (NYSE:CPB) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 14,910,000 shares, a growth of 9.4% from the October 15th total of 13,630,000 shares. Based on an average daily trading volume, of 2,200,000 shares, the days-to-cover ratio is presently 6.8 days. Currently, 7.6% of the company’s shares are sold short.

Campbell Soup Stock Performance

NYSE CPB opened at $43.52 on Tuesday. Campbell Soup has a 12 month low of $39.65 and a 12 month high of $52.81. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 23.04 and a beta of 0.19.

Campbell Soup (NYSE:CPB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.30 billion.

Wall Street Analyst Weigh In

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

Campbell Soup Company Profile

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.