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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant increase in short interest in 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 volume of 49,398,635 shares, the short-interest ratio is presently 0.0 days. Currently, 17.5% of the company’s shares are short sold.

Splash Beverage Group Trading Down 4.9%

NYSEAMERICAN:SBEV opened at $0.31 on Tuesday. The company has a market cap of $3.44 million, a price-to-earnings ratio of -0.73 and a beta of -1.16. Splash Beverage Group has a twelve month low of $0.25 and a twelve month high of $13.40. The stock has a fifty day simple moving average of $0.77 and a 200-day simple moving average of $1.53.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($1.88) EPS for the quarter, topping the consensus estimate of ($12.80) by $10.92. The company had revenue of $0.00 million during the quarter, compared to analysts’ expectations of $4.20 million.

Institutional Trading of Splash Beverage Group

Several institutional investors and hedge funds have recently modified their holdings of SBEV. Susquehanna International Group LLP purchased a new stake in shares of Splash Beverage Group in the third quarter valued at approximately $33,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group during the 3rd quarter worth $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group during the 2nd quarter worth $46,000. Institutional investors own 5.77% of the company’s stock.

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.