Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Up 18.9% in October

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totalling 25,170,000 shares, a growth of 18.9% from the September 30th total of 21,170,000 shares. Based on an average daily volume of 7,370,000 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Piper Sandler dropped their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Bank of America dropped their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Finally, Truist Financial upped their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.00.

Celsius Stock Performance

Shares of NASDAQ CELH traded down $0.37 during midday trading on Tuesday, reaching $31.03. The stock had a trading volume of 6,825,150 shares, compared to its average volume of 5,841,926. Celsius has a 12-month low of $28.20 and a 12-month high of $99.62. The stock has a 50-day moving average of $33.74 and a 200-day moving average of $53.55. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, analysts forecast that Celsius will post 0.82 EPS for the current fiscal year.

Insider Activity

In other Celsius news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vontobel Holding Ltd. raised its position in shares of Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock valued at $1,479,000 after buying an additional 22,786 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in Celsius in the 2nd quarter valued at $20,024,000. LRI Investments LLC purchased a new stake in Celsius in the 1st quarter worth $134,000. Cetera Investment Advisers boosted its holdings in shares of Celsius by 189.3% during the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after purchasing an additional 122,011 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Celsius during the first quarter valued at about $563,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Company Profile

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.