C&C Group plc (OTCMKTS:CGPZF) Short Interest Update

C&C Group plc (OTCMKTS:CGPZF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 20,400 shares, a drop of 65.7% from the August 15th total of 59,500 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 7.6 days. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is presently 7.6 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of C&C Group in a research note on Friday, August 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

C&C Group Stock Performance

OTCMKTS CGPZF opened at $2.40 on Friday. The firm’s fifty day moving average is $2.35 and its two-hundred day moving average is $1.99. C&C Group has a one year low of $1.58 and a one year high of $2.40.

About C&C Group

C&C Group plc manufactures, markets, and distributes beer, cider, wine, spirits, and soft drinks in the Republic of Ireland, Great Britain, and internationally. The company offers its products primarily under the Tennent's, Bulmers, Magners, Orchard Pig, Heverlee, 5 Lamps, Fête, Blackthorn, Seven Summits, Dowd's Lane, Chaplin & Cork's, Celedonia Best, and Addlestones brand name.