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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 618,161 shares, a growth of 313.4% from the February 12th total of 149,522 shares. Based on an average daily volume of 3,952,939 shares, the days-to-cover ratio is currently 0.2 days. Approximately 74.0% of the shares of the company are sold short. Approximately 74.0% of the shares of the company are sold short. Based on an average daily volume of 3,952,939 shares, the days-to-cover ratio is currently 0.2 days.

Splash Beverage Group Trading Up 1.8%

Shares of SBEV stock traded up $0.01 during trading hours on Wednesday, hitting $0.57. 136,002 shares of the company’s stock traded hands, compared to its average volume of 1,263,486. The company has a quick ratio of 0.07, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. Splash Beverage Group has a 12 month low of $0.34 and a 12 month high of $9.79. The stock has a market cap of $1.58 million, a PE ratio of -1.33 and a beta of -1.14. The stock’s 50 day simple moving average is $0.63 and its 200 day simple moving average is $1.28.

Institutional Investors Weigh In On Splash Beverage Group

Several institutional investors and hedge funds have recently made changes to their positions in SBEV. Susquehanna International Group LLP bought a new position in shares of Splash Beverage Group during the third quarter worth about $33,000. Citadel Advisors LLC bought a new stake in shares of Splash Beverage Group during the 3rd quarter worth $29,000. Finally, Qube Research & Technologies Ltd bought a new stake in Splash Beverage Group in the second quarter worth about $46,000. Institutional investors and hedge funds own 5.77% of the company’s stock.

Splash Beverage Group Company Profile

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.