Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Decline in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,174 shares, a drop of 78.3% from the December 15th total of 74,486 shares. Based on an average daily volume of 55,355 shares, the short-interest ratio is currently 0.3 days. Approximately 1.9% of the company’s stock are sold short. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 55,355 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Splash Beverage Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new position in Splash Beverage Group in the 3rd quarter valued at approximately $33,000. Citadel Advisors LLC purchased a new position in shares of Splash Beverage Group in the third quarter worth $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Splash Beverage Group in the second quarter worth $46,000. Institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Stock Up 1.1%

Shares of Splash Beverage Group stock traded up $0.01 during midday trading on Tuesday, hitting $0.73. The company had a trading volume of 26,155 shares, compared to its average volume of 44,809. Splash Beverage Group has a 52-week low of $0.68 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.13. The stock has a market capitalization of $2.01 million, a P/E ratio of -1.69 and a beta of -1.19. The company has a 50 day moving average of $1.07 and a 200 day moving average of $1.80.

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

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.