Campari Group (OTCMKTS:DVDCF) Sees Large Growth in Short Interest

Campari Group (OTCMKTS:DVDCF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 24,334,106 shares, an increase of 58.9% from the May 14th total of 15,316,078 shares. Based on an average daily volume of 11,086 shares, the short-interest ratio is currently 2,195.0 days. Currently, 2.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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 issued a Hold rating to the stock. According to MarketBeat.com, Campari Group currently has an average rating of “Moderate Buy”.

Campari Group Trading Up 2.6%

Shares of OTCMKTS:DVDCF opened at $6.26 on Wednesday. Campari Group has a 12-month low of $6.07 and a 12-month high of $8.10. The company’s 50 day moving average price is $6.82 and its two-hundred day moving average price is $6.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.93 and a current ratio of 2.22.

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.