Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Drops By 48.9%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 110,071 shares, a decline of 48.9% from the May 14th total of 215,574 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 1,030,314 shares, the days-to-cover ratio is currently 0.1 days.

Splash Beverage Group Stock Down 14.6%

SBEV opened at $0.19 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $2.05 million, a price-to-earnings ratio of -0.43 and a beta of -1.18. The business has a 50-day moving average of $0.28 and a two-hundred day moving average of $0.59. Splash Beverage Group has a 12 month low of $0.13 and a 12 month high of $5.11.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.47) EPS for the quarter, beating the consensus estimate of ($3.20) by $2.73. The business had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.20 million.

Institutional Trading of Splash Beverage Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBEV. Susquehanna International Group LLP purchased a new stake in shares of Splash Beverage Group during the 3rd quarter worth about $33,000. Citadel Advisors LLC purchased a new stake in shares of Splash Beverage Group during the 3rd quarter worth about $29,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Splash Beverage Group during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors 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.