Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Up 20.5% in June

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 17,730,000 shares, an increase of 20.5% from the May 31st total of 14,710,000 shares. Based on an average trading volume of 4,950,000 shares, the days-to-cover ratio is currently 3.6 days.

Celsius Stock Performance

NASDAQ:CELH traded up $0.75 during trading hours on Monday, reaching $57.84. The company’s stock had a trading volume of 5,435,953 shares, compared to its average volume of 5,040,214. The firm has a 50-day simple moving average of $74.76 and a 200-day simple moving average of $70.36. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 63.56, a PEG ratio of 1.65 and a beta of 1.91.

Celsius (NASDAQ:CELH) last released its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. Celsius’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 EPS. Equities analysts anticipate that Celsius will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the sale, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the completion of the transaction, the insider now owns 226,245 shares in the company, valued at approximately $21,029,472.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the sale, the insider now owns 25,464,453 shares in the company, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold a total of 1,776,696 shares of company stock worth $107,920,209 over the last three months. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after acquiring an additional 8,899,873 shares during the period. Wellington Management Group LLP grew its position in shares of Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Celsius by 424.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after acquiring an additional 2,261,046 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Celsius by 188.8% during the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in Celsius in the fourth quarter valued at $101,116,000. Institutional investors own 60.95% of the company’s stock.

Wall Street Analysts Forecast Growth

CELH has been the subject of several recent research reports. Truist Financial initiated coverage on Celsius in a research report on Tuesday, June 25th. They issued a “hold” rating and a $60.00 price target for the company. Stifel Europe upped their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Maxim Group reduced their price target on shares of Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Bank of America boosted their target price on Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Finally, Wedbush lowered their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.82.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.