Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Large Decline in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,174 shares, a drop of 78.3% from the December 15th total of 74,486 shares. Based on an average trading volume of 55,355 shares, the short-interest ratio is currently 0.3 days. Currently, 1.9% of the shares of the company are sold short. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 55,355 shares, the short-interest ratio is currently 0.3 days.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN:SBEV traded down $0.01 during trading on Wednesday, hitting $0.73. 17,463 shares of the company traded hands, compared to its average volume of 45,551. The company has a quick ratio of 0.07, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $1.05 and its 200-day moving average is $1.77. The stock has a market capitalization of $2.02 million, a price-to-earnings ratio of -1.70 and a beta of -1.19. Splash Beverage Group has a one year low of $0.68 and a one year high of $10.80.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.80) by ($1.71). The company had revenue of $0.98 million during the quarter, compared to analyst estimates of $3.77 million. As a group, equities analysts predict that Splash Beverage Group will post -0.35 earnings per share for the current fiscal year.

Institutional Trading of Splash Beverage Group

A number of large investors have recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in Splash Beverage Group in the 2nd quarter worth about $46,000. Citadel Advisors LLC acquired a new stake in Splash Beverage Group in the 3rd quarter valued at approximately $29,000. Finally, Susquehanna International Group LLP bought a new stake in Splash Beverage Group during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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.