Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Decrease in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 464,365 shares, a drop of 56.1% from the July 30th total of 1,058,958 shares. Approximately 40.1% of the shares of the stock are short sold. Based on an average trading volume of 6,574,916 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new stake in Splash Beverage Group during the 2nd quarter valued at approximately $46,000. Citadel Advisors LLC bought a new position in Splash Beverage Group in the 3rd quarter valued at $29,000. Finally, Susquehanna International Group LLP bought a new stake in Splash Beverage Group in the third quarter worth about $33,000. 5.77% of the stock is currently owned by institutional investors.

Splash Beverage Group Price Performance

Splash Beverage Group has a 1-year low of $0.25 and a 1-year high of $13.40. The firm has a 50-day simple moving average of $0.56 and a two-hundred day simple moving average of $1.11. The stock has a market capitalization of $1.81 million, a price-to-earnings ratio of -1.09 and a beta of -1.10.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($12.80) by $12.03.

Splash Beverage Group Company Profile

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.