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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 273,100 shares, a growth of 22.5% from the October 31st total of 223,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 498,400 shares, the days-to-cover ratio is presently 0.5 days.

Splash Beverage Group Trading Down 6.0 %

Shares of NYSEAMERICAN:SBEV traded down $0.01 during midday trading on Monday, reaching $0.18. The company had a trading volume of 288,048 shares, compared to its average volume of 494,461. Splash Beverage Group has a one year low of $0.14 and a one year high of $0.73. The firm has a market cap of $11.31 million, a PE ratio of -0.44 and a beta of -1.26.

Analysts Set New Price Targets

Several analysts have recently weighed in on SBEV shares. HC Wainwright lowered their target price on Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a research note on Friday. Roth Mkm reissued a “buy” rating and issued a $1.00 price target on shares of Splash Beverage Group in a report on Tuesday, September 3rd.

Institutional Investors Weigh In On Splash Beverage Group

An institutional investor recently raised its position in Splash Beverage Group stock. Choreo LLC boosted its holdings in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,365,599 shares of the company’s stock after purchasing an additional 1,335,185 shares during the quarter. Choreo LLC owned approximately 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.