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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 276,834 shares, a drop of 53.6% from the April 15th total of 597,223 shares. Currently, 8.5% of the company’s shares are short sold. Based on an average daily volume of 1,950,603 shares, the short-interest ratio is presently 0.1 days.

Splash Beverage Group Trading Down 9.2%

NYSEAMERICAN:SBEV traded down $0.02 during trading hours on Friday, hitting $0.22. 2,549,367 shares of the company were exchanged, compared to its average volume of 1,448,793. The stock has a market capitalization of $2.34 million, a price-to-earnings ratio of -0.50 and a beta of -1.08. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.01. Splash Beverage Group has a one year low of $0.20 and a one year high of $5.48. The company has a fifty day simple moving average of $0.37 and a 200 day simple moving average of $0.73.

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Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported ($0.81) earnings per share (EPS) for the quarter. The company had revenue of ($3.50) million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in Splash Beverage Group during the 2nd quarter worth $46,000. Citadel Advisors LLC bought a new position in shares of Splash Beverage Group in the 3rd quarter worth about $29,000. Finally, Susquehanna International Group LLP bought a new position in shares of Splash Beverage Group in the 3rd quarter worth about $33,000. 5.77% of the stock is owned by institutional investors.

About Splash Beverage Group

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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.

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