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

Campbell Soup Company (NYSE:CPB) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 2,330,000 shares, the short-interest ratio is presently 5.8 days. Currently, 7.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Campbell Soup Price Performance

Shares of CPB traded down $0.03 on Thursday, reaching $46.65. The stock had a trading volume of 1,615,178 shares, compared to its average volume of 2,537,064. The stock has a market cap of $13.88 billion, a P/E ratio of 18.89 and a beta of 0.18. Campbell Soup has a twelve month low of $39.65 and a twelve month high of $52.81.

Campbell Soup (NYSE:CPB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share 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 analyst estimates of $2.30 billion.

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.