Short Interest in Celsius Holdings, Inc. (NASDAQ:CELH) Increases By 18.4%

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 37,190,000 shares, a growth of 18.4% from the January 15th total of 31,420,000 shares. Based on an average daily trading volume, of 8,000,000 shares, the days-to-cover ratio is currently 4.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. B. Riley reduced their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. Piper Sandler reduced their price target on Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Roth Mkm reduced their price target on Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, December 16th. Finally, Morgan Stanley restated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.56.

Celsius Stock Down 1.4 %

Celsius stock opened at $22.34 on Monday. The business has a 50-day simple moving average of $26.52 and a two-hundred day simple moving average of $30.79. The company has a market cap of $5.25 billion, a P/E ratio of 31.03, a P/E/G ratio of 2.44 and a beta of 1.78. Celsius has a 52-week low of $21.10 and a 52-week high of $99.62.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock valued at $416,517,000 after buying an additional 345,837 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Celsius by 11.2% during the 4th quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock valued at $376,455,000 after buying an additional 1,444,020 shares in the last quarter. State Street Corp lifted its position in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after buying an additional 165,329 shares in the last quarter. FMR LLC lifted its position in shares of Celsius by 64.2% during the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after buying an additional 1,585,839 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in shares of Celsius during the 4th quarter valued at about $85,068,000. 60.95% of the stock is currently owned by institutional investors.

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.