Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Update

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 618,161 shares, an increase of 313.4% from the February 12th total of 149,522 shares. Based on an average daily volume of 3,952,939 shares, the days-to-cover ratio is presently 0.2 days. Approximately 74.0% of the shares of the company are short sold. Approximately 74.0% of the shares of the company are short sold. Based on an average daily volume of 3,952,939 shares, the days-to-cover ratio is presently 0.2 days.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN:SBEV traded down $0.02 during midday trading on Thursday, reaching $0.52. The company had a trading volume of 127,450 shares, compared to its average volume of 2,238,792. The company’s 50 day moving average price is $0.63 and its 200 day moving average price is $1.27. The company has a current ratio of 0.13, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.44 million, a P/E ratio of -1.21 and a beta of -1.14. Splash Beverage Group has a 52-week low of $0.34 and a 52-week high of $9.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP bought a new position in shares of Splash Beverage Group during the 3rd quarter valued at approximately $33,000. Citadel Advisors LLC bought a new stake in shares of Splash Beverage Group in the 3rd quarter worth approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group in the second quarter valued at approximately $46,000. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

About Splash Beverage Group

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.