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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,310,000 shares, a decrease of 38.5% from the January 31st total of 2,130,000 shares. Based on an average daily volume of 2,590,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.4% of the shares of the company are sold short.

Splash Beverage Group Stock Up 6.0 %

NYSEAMERICAN:SBEV traded up $0.01 during mid-day trading on Friday, reaching $0.16. 3,109,896 shares of the company were exchanged, compared to its average volume of 4,120,890. The firm has a market cap of $9.87 million, a P/E ratio of -0.37 and a beta of -1.07. Splash Beverage Group has a 12 month low of $0.14 and a 12 month high of $0.73.

Analyst Upgrades and Downgrades

Separately, HC Wainwright dropped their price objective on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a research note on Friday, November 29th.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa DI Vino name; and Pulpoloco Sangria.