Innovation Beverage Group Limited (NASDAQ:IBG) Short Interest Update

Innovation Beverage Group Limited (NASDAQ:IBG) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 18,319 shares, a decrease of 57.2% from the January 15th total of 42,817 shares. Approximately 5.6% of the shares of the company are sold short. Based on an average daily volume of 215,398 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 215,398 shares, the short-interest ratio is presently 0.1 days. Approximately 5.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Innovation Beverage Group from a “hold” rating to a “sell” rating in a research note on Sunday, February 8th.

Institutional Investors Weigh In On Innovation Beverage Group

An institutional investor recently bought a new position in Innovation Beverage Group stock. Bank of America Corp DE acquired a new stake in shares of Innovation Beverage Group Limited (NASDAQ:IBG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned about 0.52% of Innovation Beverage Group as of its most recent SEC filing.

Innovation Beverage Group Stock Up 6.3%

Shares of IBG stock traded up $0.24 during trading hours on Friday, reaching $4.02. 142,590 shares of the company traded hands, compared to its average volume of 162,860. Innovation Beverage Group has a 12-month low of $3.26 and a 12-month high of $49.25. The firm has a 50-day moving average price of $8.13 and a 200 day moving average price of $12.05.

Innovation Beverage Group (NASDAQ:IBG) last issued its earnings results on Monday, December 29th. The company reported ($2.86) earnings per share for the quarter. The company had revenue of $1.22 million for the quarter. On average, equities research analysts forecast that Innovation Beverage Group will post -0.16 EPS for the current year.

Innovation Beverage Group Company Profile

Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.

The company’s operations encompass product development, supply chain management and go-to-market support.