Innovation Beverage Group Limited (NASDAQ:IBG – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 29,990 shares, a growth of 93.7% from the May 14th total of 15,479 shares. Based on an average daily trading volume, of 83,316 shares, the short-interest ratio is presently 0.4 days. Currently, 2.8% of the company’s shares are short sold.
Hedge Funds Weigh In On Innovation Beverage Group
A hedge fund recently bought a new stake in Innovation Beverage Group stock. Bank of America Corp DE acquired a new stake in Innovation Beverage Group Limited (NASDAQ:IBG – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned about 0.52% of Innovation Beverage Group as of its most recent SEC filing.
Innovation Beverage Group Stock Performance
Innovation Beverage Group stock traded down $0.01 during mid-day trading on Monday, hitting $1.21. The company’s stock had a trading volume of 208,387 shares, compared to its average volume of 450,820. The company has a 50 day moving average of $1.03 and a 200-day moving average of $4.66. Innovation Beverage Group has a one year low of $0.72 and a one year high of $36.50.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Innovation Beverage Group
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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