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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 110,071 shares, a decrease of 48.9% from the May 14th total of 215,574 shares. Based on an average daily trading volume, of 1,030,314 shares, the short-interest ratio is presently 0.1 days. Approximately 3.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Splash Beverage Group

Institutional investors have recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new position in shares of Splash Beverage Group in the 2nd quarter valued at approximately $46,000. Citadel Advisors LLC purchased a new position in shares of Splash Beverage Group in the 3rd quarter valued at approximately $29,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Splash Beverage Group in the 3rd quarter valued at approximately $33,000. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN SBEV traded down $0.03 during trading on Friday, reaching $0.19. 1,569,273 shares of the stock traded hands, compared to its average volume of 51,635,132. Splash Beverage Group has a 52-week low of $0.13 and a 52-week high of $5.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.04 and a quick ratio of 0.04. The company has a 50-day moving average of $0.28 and a 200-day moving average of $0.59. The stock has a market capitalization of $2.05 million, a P/E ratio of -0.43 and a beta of -1.18.

Splash Beverage Group (NYSEAMERICAN:SBEV) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($3.20) by $2.73. The firm had revenue of $0.00 million for the quarter, compared to analysts’ expectations of $4.20 million.

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.