Campari Group (OTCMKTS:DVDCF) Short Interest Down 34.5% in June

Campari Group (OTCMKTS:DVDCF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 15,581,803 shares, a drop of 34.5% from the June 15th total of 23,795,341 shares. Based on an average trading volume of 4,218 shares, the days-to-cover ratio is presently 3,694.1 days. Currently, 1.3% of the shares of the company are sold short.

Campari Group Stock Performance

Campari Group stock opened at $6.22 on Friday. The stock’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $6.91. Campari Group has a one year low of $6.07 and a one year high of $8.10. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.93 and a current ratio of 2.22.

Analysts Set New Price Targets

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

About Campari Group

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.