Short Interest in National Beverage Corp. (FIZZ) Expands By 58.3%
National Beverage Corp. (NASDAQ:FIZZ) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,959,549 shares, a growth of 58.3% from the August 15th total of 1,237,888 shares. Currently, 16.9% of the shares of the company are short sold. Based on an average daily volume of 399,117 shares, the short-interest ratio is currently 4.9 days.
National Beverage Corp. (NASDAQ:FIZZ) opened at 51.48 on Friday. The firm’s 50-day moving average is $51.41 and its 200 day moving average is $51.28. National Beverage Corp. has a 12 month low of $28.17 and a 12 month high of $64.73. The stock has a market capitalization of $2.40 billion, a P/E ratio of 33.00 and a beta of 0.69.
Separately, Credit Suisse Group AG started coverage on shares of National Beverage Corp. in a research report on Thursday, September 15th. They set a “neutral” rating and a $55.00 price objective on the stock. They noted that the move was a valuation call.
About National Beverage Corp.
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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