Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Declines By 56.1%

by · The Markets Daily

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 464,365 shares, a decline of 56.1% from the July 30th total of 1,058,958 shares. Based on an average daily volume of 6,574,916 shares, the short-interest ratio is presently 0.1 days. Currently, 40.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Splash Beverage Group

A number of institutional investors have recently bought and sold shares of SBEV. Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group during the second quarter valued at $46,000. Citadel Advisors LLC bought a new stake in Splash Beverage Group during the 3rd quarter valued at $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group in the 3rd quarter worth $33,000. 5.77% of the stock is owned by institutional investors.

Splash Beverage Group Stock Performance

The company has a 50 day moving average of $0.56 and a 200-day moving average of $1.11. The company has a market cap of $1.81 million, a PE ratio of -1.09 and a beta of -1.10. Splash Beverage Group has a 52 week low of $0.25 and a 52 week high of $13.40.

Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.77) EPS for the quarter, topping the consensus estimate of ($12.80) by $12.03.

Splash Beverage Group Company Profile

(Get Free Report)

Splash Beverage Group, Inc is an emerging growth company engaged in the development, acquisition and marketing of consumer beverage brands. The company focuses on non-alcoholic drinks across multiple categories, including functional hydration products, sparkling water blends and children’s beverages. Splash Beverage Group partners with co-packers and distribution networks to scale production and bring its portfolio to market through retail, on-premise and e-commerce channels.

The company’s product lineup includes Water Joe, a line of coffee-infused sparkling waters designed for consumers seeking both caffeine and refreshment in a single beverage.

Recommended Stories