Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Large Drop in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 110,071 shares, a decrease of 48.9% from the May 14th total of 215,574 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average trading volume of 1,030,314 shares, the short-interest ratio is currently 0.1 days.

Splash Beverage Group Trading Up 0.1%

Shares of SBEV stock traded up $0.00 during trading hours on Monday, hitting $0.19. 32,654,141 shares of the company were exchanged, compared to its average volume of 51,586,132. The firm has a market cap of $2.05 million, a PE ratio of -0.44 and a beta of -1.17. Splash Beverage Group has a 1 year low of $0.13 and a 1 year high of $5.11. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $0.27 and a 200 day moving average of $0.58.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($3.20) by $2.73. The company had revenue of $0.00 million for the quarter, compared to analysts’ expectations of $4.20 million.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SBEV. Susquehanna International Group LLP purchased a new position in Splash Beverage Group in the third quarter valued at approximately $33,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group in the third quarter valued at approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group in the second quarter valued at approximately $46,000. Hedge funds and other 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.