Davide Campari-Milano (OTCMKTS:DVDCF) Sees Large Decline in Short Interest

Davide Campari-Milano (OTCMKTS:DVDCF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,877,700 shares, a decrease of 24.8% from the August 15th total of 6,488,900 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is presently 2,709.8 days.

Davide Campari-Milano Trading Down 2.2 %

OTCMKTS DVDCF traded down $0.27 during trading on Monday, hitting $12.09. The company had a trading volume of 500 shares, compared to its average volume of 68,141. The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 0.60. Davide Campari-Milano has a one year low of $8.55 and a one year high of $14.45. The company’s fifty day moving average is $13.22 and its 200-day moving average is $12.92.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DVDCF. Morgan Stanley cut shares of Davide Campari-Milano from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Davide Campari-Milano to €13.80 ($14.68) in a research report on Friday, September 8th. Credit Suisse Group increased their price target on shares of Davide Campari-Milano to €13.00 ($13.83) in a research report on Wednesday, July 5th. Finally, Citigroup cut shares of Davide Campari-Milano from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.75.

Davide Campari-Milano Company Profile

Davide Campari-Milano N.V., together with its subsidiaries, markets and distributes alcoholic and non-alcoholic beverages in the Americas, the Middle East, Africa, Europe, and the Asia-Pacific. It offers a range of spirits categories, including aperitif, vodka, liqueurs, bitters, whisky, tequila, rum, gin, and cognac, as well as champagne and non-alcoholic aperitif under various brands, such as Aperol, Campari, SKYY, Wild Turkey, Grand Marnier, Appleton Estate, Wray & Nephew Overproof, and other brands.