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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 157,409 shares, a growth of 1,827.9% from the January 15th total of 8,165 shares. Currently, 18.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,312,908 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,312,908 shares, the short-interest ratio is presently 0.1 days. Currently, 18.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

Splash Beverage Group Stock Down 12.5%

Splash Beverage Group stock traded down $0.06 during midday trading on Tuesday, reaching $0.45. The stock had a trading volume of 122,721 shares, compared to its average volume of 538,113. The firm’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $1.47. 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 $1.25 million, a P/E ratio of -1.05 and a beta of -1.19. Splash Beverage Group has a 1-year low of $0.45 and a 1-year high of $9.79.

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