Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Large Decline in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 464,365 shares, a drop of 56.1% from the July 30th total of 1,058,958 shares. Based on an average daily trading volume, of 6,574,916 shares, the days-to-cover ratio is currently 0.1 days. Approximately 40.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new stake in Splash Beverage Group during the third quarter worth about $33,000. Citadel Advisors LLC purchased a new position in shares of Splash Beverage Group during the 3rd quarter worth $29,000. Finally, Qube Research & Technologies Ltd acquired 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 Stock Performance

The stock has a fifty day simple moving average of $0.56 and a 200-day simple moving average of $1.10. The stock has a market cap of $1.81 million, a price-to-earnings ratio of -1.09 and a beta of -1.10. Splash Beverage Group has a 52-week low of $0.25 and a 52-week high of $13.40.

Splash Beverage Group (NYSEAMERICAN:SBEV) last issued its earnings results on Wednesday, August 19th. The company reported ($0.77) EPS for the quarter, beating analysts’ consensus estimates of ($12.80) by $12.03.

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.