Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Up 18.4% in January

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a large growth in short interest during 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 short-interest ratio is presently 4.6 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CELH shares. UBS Group lowered their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. Stifel Nicolaus decreased their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, February 10th. B. Riley decreased their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average target price of $47.56.

Celsius Price Performance

CELH stock opened at $22.34 on Monday. The company has a 50 day simple moving average of $26.52 and a 200 day simple moving average of $30.79. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 2.44 and a beta of 1.78. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently added to or reduced their stakes in CELH. Champlain Investment Partners LLC bought a new stake in Celsius during the 4th quarter worth approximately $85,068,000. Contrarius Group Holdings Ltd acquired a new stake in shares of Celsius during the fourth quarter worth $75,535,000. Norges Bank acquired a new stake in shares of Celsius during the fourth quarter worth $72,579,000. Raymond James Financial Inc. acquired a new stake in shares of Celsius during the fourth quarter worth $61,160,000. Finally, SG Americas Securities LLC increased its position in shares of Celsius by 10,320.0% during the fourth quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock worth $50,910,000 after buying an additional 1,914,264 shares during the period. 60.95% of the stock is owned by institutional investors.

Celsius Company Profile

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.