Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Growth in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 577,440 shares, an increase of 137.0% from the June 30th total of 243,654 shares. Based on an average daily trading volume, of 49,398,635 shares, the days-to-cover ratio is presently 0.0 days. Approximately 17.5% of the company’s stock are short sold.

Splash Beverage Group Trading Up 2.9%

Shares of SBEV stock traded up $0.01 during trading hours on Thursday, reaching $0.33. 279,997 shares of the company’s stock were exchanged, compared to its average volume of 3,152,833. Splash Beverage Group has a 1 year low of $0.25 and a 1 year high of $13.40. The stock has a market cap of $901,734.00, a PE ratio of -0.77 and a beta of -1.16. The stock’s fifty day moving average price is $0.75 and its two-hundred day moving average price is $1.49.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($1.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($12.80) by $10.92. The company had revenue of $0.00 million for the quarter, compared to analyst estimates of $4.20 million.

Institutional Investors Weigh In On Splash Beverage Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in Splash Beverage Group in the 3rd quarter worth $33,000. Citadel Advisors LLC purchased a new stake in shares of Splash Beverage Group in the 3rd quarter valued at $29,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Splash Beverage Group in the second quarter worth $46,000. 5.77% of the stock is currently owned by institutional investors and hedge funds.

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.