Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Down 49.5% in January

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,165 shares, a drop of 49.5% from the December 31st total of 16,174 shares. Based on an average daily volume of 41,678 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 41,678 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Splash Beverage Group

Large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd bought a new position in shares of Splash Beverage Group during the 2nd quarter valued at $46,000. Citadel Advisors LLC bought a new position in Splash Beverage Group during the third quarter valued at about $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group in the third quarter worth about $33,000. 5.77% of the stock is owned by institutional investors.

Splash Beverage Group Stock Down 3.8%

Shares of Splash Beverage Group stock traded down $0.03 during midday trading on Friday, hitting $0.74. The company’s stock had a trading volume of 65,604 shares, compared to its average volume of 672,951. Splash Beverage Group has a 1-year low of $0.65 and a 1-year high of $9.79. The firm has a market capitalization of $2.05 million, a P/E ratio of -1.72 and a beta of -1.19. 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 stock has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $1.56.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its earnings results on Wednesday, November 19th. The company reported ($4.51) earnings per share for the quarter, missing the consensus estimate of ($2.80) by ($1.71). The business had revenue of $0.98 million during the quarter, compared to the consensus estimate of $3.77 million. As a group, sell-side analysts expect that Splash Beverage Group will post -0.35 earnings per share for the current year.

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.