C&C Group plc (OTCMKTS:CGPZF) Sees Large Drop in Short Interest

C&C Group plc (OTCMKTS:CGPZF) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 30,100 shares, a decrease of 79.1% from the May 31st total of 144,200 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is currently 5.1 days.

C&C Group Price Performance

CGPZF stock remained flat at $2.15 during mid-day trading on Friday. C&C Group has a 12 month low of $1.59 and a 12 month high of $2.15. The company’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $1.89.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.