Celsius Holdings, Inc. (NASDAQ:CELH) Sees Significant Growth in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 29,910,000 shares, a growth of 6.6% from the December 31st total of 28,060,000 shares. Based on an average daily trading volume, of 8,950,000 shares, the days-to-cover ratio is presently 3.3 days.

Celsius Trading Down 2.5 %

CELH traded down $0.60 on Tuesday, hitting $23.17. 4,587,974 shares of the company’s stock traded hands, compared to its average volume of 6,714,976. Celsius has a one year low of $23.05 and a one year high of $99.62. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 2.77 and a beta of 1.78. The company’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $32.57.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. UBS Group lowered their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft started coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. Finally, Piper Sandler reduced their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celsius

Several hedge funds have recently modified their holdings of CELH. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the third quarter worth approximately $34,000. Signaturefd LLC increased its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after buying an additional 700 shares during the period. Activest Wealth Management bought a new stake in Celsius in the third quarter worth $39,000. Finally, Blue Trust Inc. boosted its stake in Celsius by 69.0% during the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock worth $42,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.