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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,058,958 shares, a growth of 83.4% from the July 15th total of 577,440 shares. Based on an average daily volume of 5,331,193 shares, the short-interest ratio is presently 0.2 days. Approximately 128.4% of the company’s shares are short sold.

Splash Beverage Group Price Performance

SBEV stock traded up $0.01 during trading on Friday, reaching $0.41. The company had a trading volume of 467,739 shares, compared to its average volume of 6,448,102. Splash Beverage Group has a 52 week low of $0.25 and a 52 week high of $13.40. The company has a market cap of $1.56 million, a P/E ratio of -0.94 and a beta of -1.10. The business has a 50 day moving average of $0.66 and a 200 day moving average of $1.28.

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

Institutional Investors Weigh In On Splash Beverage Group

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

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.