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

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

Analyst Ratings Changes

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

Campari Group Stock Performance

DVDCF stock traded up $0.16 during midday trading on Tuesday, reaching $6.26. 560 shares of the company’s stock traded hands, compared to its average volume of 10,230. The company has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $6.97. Campari Group has a 52 week low of $6.07 and a 52 week high of $8.10. 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 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.