Campbell Soup Company (NYSE:CPB - Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 14,940,000 shares, a decrease of 6.3% from the September 15th total of 15,950,000 shares. Based on an average daily volume of 2,430,000 shares, the short-interest ratio is currently 6.1 days. Currently, 7.6% of the company's stock are sold short.
Campbell Soup Stock Performance
NYSE CPB traded down $0.01 during trading on Wednesday, hitting $48.35. The company's stock had a trading volume of 1,065,788 shares, compared to its average volume of 2,593,258. Campbell Soup has a fifty-two week low of $39.48 and a fifty-two week high of $52.81. The company has a market cap of $14.44 billion, a PE ratio of 19.57 and a beta of 0.18.
Campbell Soup (NYSE:CPB - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Campbell Soup from a "sell" rating to a "hold" rating in a research report on Friday, September 27th.
View Our Latest Stock Report on Campbell Soup
Campbell Soup Company Profile
(
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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.
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