Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Update

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

Analyst Ratings Changes

A number of equities analysts have issued reports on CELH shares. Roth Mkm decreased their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Truist Financial boosted their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.94.

Celsius Trading Down 1.3 %

NASDAQ CELH traded down $0.36 on Monday, reaching $27.23. 4,635,397 shares of the stock were exchanged, compared to its average volume of 6,481,789. The firm has a market capitalization of $6.40 billion, a PE ratio of 37.82, a PEG ratio of 2.79 and a beta of 1.79. Celsius has a one year low of $25.23 and a one year high of $99.62. The company’s 50-day simple moving average is $28.09 and its two-hundred day simple moving average is $34.69.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

A number of hedge funds have recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Celsius in the third quarter worth $34,000. Signaturefd LLC raised its holdings in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after purchasing an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after acquiring an additional 630 shares during the last quarter. Finally, Activest Wealth Management bought a new stake in Celsius in the third quarter worth $39,000. Institutional investors own 60.95% of the company’s stock.

About Celsius

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.