Innovation Beverage Group Limited (NASDAQ:IBG) Short Interest Update

Innovation Beverage Group Limited (NASDAQ:IBG) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 37,382 shares, a drop of 49.9% from the March 31st total of 74,550 shares. Based on an average daily volume of 278,134 shares, the short-interest ratio is currently 0.1 days. Currently, 3.7% of the company’s shares are sold short.

Institutional Trading of Innovation Beverage Group

An institutional investor recently bought a new position in Innovation Beverage Group stock. Bank of America Corp DE bought a new stake in Innovation Beverage Group Limited (NASDAQ:IBG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned 0.52% of Innovation Beverage Group at the end of the most recent reporting period.

Innovation Beverage Group Stock Performance

Shares of Innovation Beverage Group stock opened at $1.11 on Friday. The business’s fifty day simple moving average is $2.19 and its 200 day simple moving average is $7.78. Innovation Beverage Group has a 12 month low of $0.94 and a 12 month high of $36.50.

Analyst Ratings Changes

Separately, Wall Street Zen cut Innovation Beverage Group from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th.

Innovation Beverage Group Company Profile

Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.

The company’s operations encompass product development, supply chain management and go-to-market support.