Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Drops By 53.6%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 276,834 shares, a decrease of 53.6% from the April 15th total of 597,223 shares. Approximately 8.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,950,603 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

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

Splash Beverage Group Stock Down 9.2%

Splash Beverage Group stock traded down $0.02 during trading hours on Friday, hitting $0.22. The company had a trading volume of 2,549,367 shares, compared to its average volume of 1,685,371. The firm has a market capitalization of $2.34 million, a P/E ratio of -0.50 and a beta of -1.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.04 and a quick ratio of 0.04. The firm’s fifty day moving average is $0.38 and its 200-day moving average is $0.74. Splash Beverage Group has a fifty-two week low of $0.20 and a fifty-two week high of $5.48.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, April 15th. The company reported ($0.81) earnings per share for the quarter. The business had revenue of ($3.50) million for the quarter.

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.