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

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

Campbell Soup Price Performance

Shares of NYSE CPB traded down $1.30 during midday trading on Friday, hitting $43.15. 4,313,575 shares of the stock traded hands, compared to its average volume of 2,527,371. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 22.83 and a beta of 0.19. Campbell Soup has a one year low of $39.65 and a one year high of $52.81.

Campbell Soup (NYSE:CPB) last announced its 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 firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.30 billion.

Analyst Upgrades and Downgrades

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