Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Drops By 48.9%

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

Hedge Funds Weigh In On Splash Beverage Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Splash Beverage Group in the 3rd quarter worth approximately $33,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group in the 3rd quarter worth approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Stock Down 14.6%

Shares of NYSEAMERICAN:SBEV opened at $0.19 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.04 and a current ratio of 0.04. Splash Beverage Group has a 1 year low of $0.13 and a 1 year high of $5.11. The stock has a market capitalization of $2.05 million, a P/E ratio of -0.43 and a beta of -1.18. The stock has a 50-day simple moving average of $0.28 and a 200-day simple moving average of $0.59.

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

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.