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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,058,958 shares, a growth of 83.4% from the July 15th total of 577,440 shares. Based on an average trading volume of 5,331,193 shares, the short-interest ratio is currently 0.2 days. Approximately 128.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Splash Beverage Group

A number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC purchased a new position in shares of Splash Beverage Group during the 3rd quarter valued at about $29,000. Susquehanna International Group LLP bought a new position in shares of Splash Beverage Group during the third quarter valued at about $33,000. Finally, Qube Research & Technologies Ltd bought a new position in Splash Beverage Group during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Stock Down 6.2%

SBEV stock traded down $0.03 during mid-day trading on Monday, reaching $0.38. 330,740 shares of the company traded hands, compared to its average volume of 6,472,085. The company has a fifty day moving average price of $0.66 and a 200-day moving average price of $1.26. Splash Beverage Group has a 52-week low of $0.25 and a 52-week high of $13.40.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its earnings results on Wednesday, May 20th. The company reported ($1.88) earnings per share for the quarter, topping analysts’ consensus estimates of ($12.80) by $10.92. The firm had revenue of $0.00 million for the quarter, compared to the consensus estimate 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.