National Beverage Corp. (NASDAQ:FIZZ) Sees Large Drop in Short Interest

by · The Cerbat Gem

National Beverage Corp. (NASDAQ:FIZZ – Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,490,000 shares, a drop of 5.7% from the November 30th total of 2,640,000 shares. Approximately 11.5% of the shares of the company are short sold. Based on an average daily volume of 151,200 shares, the short-interest ratio is currently 16.5 days.

Insiders Place Their Bets

In other news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the sale, the director now owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 74.80% of the company’s stock.

Institutional Trading of National Beverage

Several large investors have recently added to or reduced their stakes in FIZZ. Natixis Advisors LLC grew its position in National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after acquiring an additional 2,850 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of National Beverage by 22.2% during the second quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock worth $266,000 after purchasing an additional 916 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of National Beverage by 6.7% in the second quarter. Victory Capital Management Inc. now owns 14,682 shares of the company’s stock valued at $752,000 after buying an additional 922 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of National Beverage in the second quarter valued at $34,000. Finally, Texas Permanent School Fund Corp raised its holdings in shares of National Beverage by 11.8% in the second quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company’s stock valued at $1,170,000 after buying an additional 2,401 shares during the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Performance

Shares of FIZZ stock traded up $0.17 during trading hours on Wednesday, hitting $42.67. The company had a trading volume of 162,744 shares, compared to its average volume of 169,653. National Beverage has a 12 month low of $42.18 and a 12 month high of $53.58. The firm’s fifty day moving average is $47.00 and its 200 day moving average is $47.14. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.44 and a beta of 0.83.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price objective on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, September 10th.

View Our Latest Stock Report on National Beverage

About National Beverage

(Get Free Report)

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.

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