Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Update

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 464,365 shares, a decrease 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 short-interest ratio is presently 0.1 days.

Splash Beverage Group Stock Performance

Splash Beverage Group has a fifty-two week low of $0.25 and a fifty-two week high of $13.40. The business has a fifty day simple moving average of $0.56 and a 200-day simple moving average of $1.11. The company has a market cap of $1.81 million, a P/E ratio of -1.09 and a beta of -1.10.

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Splash Beverage Group (NYSEAMERICAN:SBEV – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.77) EPS for the quarter, topping the consensus estimate of ($12.80) by $12.03.

Institutional Investors Weigh In On Splash Beverage Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new position in Splash Beverage Group in the second quarter worth about $46,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group during the 3rd quarter worth approximately $29,000. Finally, Susquehanna International Group LLP acquired a new position in Splash Beverage Group in the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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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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