Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 577,440 shares, a growth of 137.0% from the June 30th total of 243,654 shares. Based on an average daily trading volume, of 49,398,635 shares, the days-to-cover ratio is presently 0.0 days. Currently, 17.5% of the company’s stock are sold short.
Institutional Investors Weigh In On Splash Beverage Group
Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in shares of Splash Beverage Group in the 3rd quarter worth approximately $33,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group during the third quarter valued at approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group during the second quarter valued at approximately $46,000. Institutional investors own 5.77% of the company’s stock.
Splash Beverage Group Trading Down 4.9%
Shares of Splash Beverage Group stock opened at $0.31 on Tuesday. The stock’s fifty day moving average price is $0.77 and its 200-day moving average price is $1.53. The firm has a market cap of $3.44 million, a P/E ratio of -0.73 and a beta of -1.16. Splash Beverage Group has a 12 month low of $0.25 and a 12 month high of $13.40.
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.
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