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

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

Campari Group Price Performance

OTCMKTS:DVDCF opened at $6.22 on Friday. The firm has a fifty day simple moving average of $6.31 and a 200 day simple moving average of $6.91. Campari Group has a 1-year low of $6.07 and a 1-year high of $8.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 0.93.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Campari Group to a “hold” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Campari Group presently 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.