Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Down 53.6% in April

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 276,834 shares, a decrease of 53.6% from the April 15th total of 597,223 shares. Based on an average daily volume of 1,950,603 shares, the short-interest ratio is presently 0.1 days. Currently, 8.5% of the company’s stock are sold short.

Splash Beverage Group Stock Down 9.2%

Shares of NYSEAMERICAN SBEV traded down $0.02 during trading on Friday, hitting $0.22. 2,549,367 shares of the company traded hands, compared to its average volume of 1,340,544. The business’s fifty day moving average is $0.37 and its 200 day moving average is $0.74. Splash Beverage Group has a fifty-two week low of $0.20 and a fifty-two week high of $5.48. The firm has a market capitalization of $2.34 million, a price-to-earnings ratio of -0.50 and a beta of -1.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.04 and a current ratio of 0.04.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings data on Wednesday, April 15th. The company reported ($0.81) earnings per share for the quarter. The firm had revenue of ($3.50) million for the quarter.

Hedge Funds Weigh In On Splash Beverage Group

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

About Splash Beverage Group

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.