Innovation Beverage Group Limited (NASDAQ:IBG – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 65,942 shares, an increase of 64.1% from the August 15th total of 40,184 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average trading volume of 492,455 shares, the days-to-cover ratio is presently 0.1 days.
Innovation Beverage Group Trading Up 4.4%
Shares of NASDAQ IBG opened at $1.02 on Thursday. The firm’s fifty day moving average is $0.95 and its two-hundred day moving average is $1.21. Innovation Beverage Group has a 52-week low of $0.72 and a 52-week high of $32.50.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Innovation Beverage Group from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th.
About Innovation Beverage Group
Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.
The company’s operations encompass product development, supply chain management and go-to-market support.
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