Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Drops By 81.9%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 111,944 shares, a decrease of 81.9% from the February 26th total of 618,161 shares. Based on an average daily trading volume, of 722,359 shares, the days-to-cover ratio is presently 0.2 days. Approximately 13.4% of the shares of the company are short sold. Approximately 13.4% of the shares of the company are short sold. Based on an average daily trading volume, of 722,359 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Splash Beverage Group

Several institutional investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new stake in shares of Splash Beverage Group during the 2nd quarter worth about $46,000. Citadel Advisors LLC acquired a new position in Splash Beverage Group in the third quarter worth approximately $29,000. Finally, Susquehanna International Group LLP bought a new position in Splash Beverage Group during the third quarter valued at approximately $33,000. 5.77% of the stock is currently owned by institutional investors and hedge funds.

Splash Beverage Group Price Performance

SBEV traded down $0.02 on Tuesday, reaching $0.39. The company had a trading volume of 169,076 shares, compared to its average volume of 1,425,885. The company has a market capitalization of $1.09 million, a P/E ratio of -0.92 and a beta of -1.13. The company has a current ratio of 0.13, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $0.58 and a 200-day moving average of $1.20. Splash Beverage Group has a one year low of $0.33 and a one year high of $9.79.

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.