Campbell Soup Company (NYSE:CPB - Get Free Report) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 14,910,000 shares, a growth of 9.4% from the October 15th total of 13,630,000 shares. Based on an average daily trading volume, of 2,200,000 shares, the short-interest ratio is presently 6.8 days. Approximately 7.6% of the shares of the stock are sold short.
Campbell Soup Stock Down 2.9 %
Shares of Campbell Soup stock traded down $1.30 during trading hours on Friday, reaching $43.15. 4,313,575 shares of the company's stock were exchanged, compared to its average volume of 2,527,371. The firm has a market cap of $12.84 billion, a PE ratio of 22.83 and a beta of 0.19. Campbell Soup has a 52-week low of $39.65 and a 52-week high of $52.81.
Campbell Soup (NYSE:CPB - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.30 billion.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Campbell Soup from a "sell" rating to a "hold" rating in a research note on Friday, September 27th.
Get Our Latest Analysis on CPB
About Campbell Soup
(
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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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