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

Campari Group (OTCMKTS:DVDCF) was the target of a large decrease in short interest in 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 volume of 4,218 shares, the days-to-cover ratio is currently 3,694.1 days. Currently, 1.3% of the company’s shares are sold short.

Campari Group Price Performance

OTCMKTS:DVDCF opened at $6.57 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average price is $6.31 and its 200-day moving average price is $6.90. Campari Group has a 1-year low of $6.07 and a 1-year high of $8.10.

Wall Street Analyst Weigh In

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