Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Down 49.5% in January

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,165 shares, a decrease of 49.5% from the December 31st total of 16,174 shares. Based on an average daily trading volume, of 41,678 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 41,678 shares, the days-to-cover ratio is currently 0.2 days.

Splash Beverage Group Trading Down 8.2%

NYSEAMERICAN SBEV opened at $0.80 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. Splash Beverage Group has a 52 week low of $0.65 and a 52 week high of $9.79. The business has a 50 day moving average price of $0.99 and a 200-day moving average price of $1.59. The company has a market cap of $2.21 million, a price-to-earnings ratio of -1.86 and a beta of -1.19.

Splash Beverage Group (NYSEAMERICAN:SBEV) last issued its earnings results on Wednesday, November 19th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.80) by ($1.71). The company had revenue of $0.98 million during the quarter, compared to the consensus estimate of $3.77 million. As a group, equities analysts expect that Splash Beverage Group will post -0.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Splash Beverage Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group in the 2nd quarter worth about $46,000. Susquehanna International Group LLP bought a new stake in Splash Beverage Group during the 3rd quarter worth approximately $33,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Splash Beverage Group in the third quarter worth approximately $29,000. 5.77% of the stock is owned by institutional investors.

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.