Innovation Beverage Group Limited (NASDAQ:IBG – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 115,135 shares, a growth of 283.9% from the May 31st total of 29,990 shares. Based on an average trading volume of 291,589 shares, the short-interest ratio is presently 0.4 days. Approximately 10.8% of the shares of the company are short sold.
Institutional Investors Weigh In On Innovation Beverage Group
A hedge fund recently bought a new stake in Innovation Beverage Group stock. Bank of America Corp DE bought a new position in shares of Innovation Beverage Group Limited (NASDAQ:IBG – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned 0.52% of Innovation Beverage Group as of its most recent SEC filing.
Innovation Beverage Group Stock Up 3.2%
Shares of NASDAQ IBG traded up $0.04 during trading on Monday, reaching $1.11. 2,199 shares of the stock traded hands, compared to its average volume of 430,555. Innovation Beverage Group has a 52-week low of $0.72 and a 52-week high of $36.50. The company has a 50-day moving average of $1.04 and a 200-day moving average of $3.85.
Analyst Ratings Changes
Get Our Latest Stock Report on IBG
About Innovation Beverage Group
Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.
The company’s operations encompass product development, supply chain management and go-to-market support.
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