Campbell Soup Company (NYSE:CPB) Short Interest Down 8.8% in October

Campbell Soup Company (NYSE:CPB) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 13,630,000 shares, a drop of 8.8% from the September 30th total of 14,940,000 shares. Approximately 7.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,330,000 shares, the short-interest ratio is currently 5.8 days.

Campbell Soup Trading Down 0.1 %

NYSE:CPB traded down $0.03 during mid-day trading on Thursday, reaching $46.65. The company’s stock had a trading volume of 1,615,178 shares, compared to its average volume of 2,537,064. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of 18.89 and a beta of 0.18.

Campbell Soup (NYSE:CPB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion.

Analyst Ratings Changes

Separately, StockNews.com raised Campbell Soup from a “sell” rating to a “hold” rating in a research note 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.