Innovation Beverage Group Limited (NASDAQ:IBG) Short Interest Up 32.1% in January

Innovation Beverage Group Limited (NASDAQ:IBG) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 42,817 shares, an increase of 32.1% from the December 31st total of 32,401 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average trading volume of 59,676 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 59,676 shares, the short-interest ratio is currently 0.7 days. Approximately 2.6% of the company’s stock are short sold.

Innovation Beverage Group Stock Up 17.2%

Shares of Innovation Beverage Group stock traded up $0.64 on Monday, reaching $4.37. 448,681 shares of the company traded hands, compared to its average volume of 130,135. The company has a 50 day moving average of $9.78 and a 200 day moving average of $12.98. Innovation Beverage Group has a 52 week low of $3.26 and a 52 week high of $49.25.

Innovation Beverage Group (NASDAQ:IBG) last announced its quarterly earnings data on Monday, December 29th. The company reported ($2.86) earnings per share (EPS) for the quarter. The company had revenue of $1.22 million during the quarter. As a group, equities analysts predict that Innovation Beverage Group will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Innovation Beverage Group from a “sell” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On Innovation Beverage Group

A hedge fund recently bought a new stake in Innovation Beverage Group stock. Bank of America Corp DE bought a new stake in shares of Innovation Beverage Group Limited (NASDAQ:IBG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,630 shares of the company’s stock, valued at approximately $38,000. Bank of America Corp DE owned 0.52% of Innovation Beverage Group at the end of the most recent reporting period.

About Innovation Beverage Group

Innovation Beverage Group is a publicly traded beverage holding company that acquires, revitalizes and grows non-alcoholic drink brands. Through its wholly owned subsidiaries, the company focuses on sourcing high-quality ingredients, contract manufacturing, packaging and distribution for a diversified portfolio of products that span fruit juices, flavored waters, functional and nutritional beverages.

The company’s operations encompass product development, supply chain management and go-to-market support.