Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Expands By 83.4%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,058,958 shares, an increase of 83.4% from the July 15th total of 577,440 shares. Currently, 128.4% of the company’s stock are short sold. Based on an average trading volume of 5,331,193 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Splash Beverage Group

A number of hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of Splash Beverage Group during the third quarter worth approximately $29,000. Susquehanna International Group LLP acquired a new stake in Splash Beverage Group in the 3rd quarter valued at $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Splash Beverage Group in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 5.77% of the company’s stock.

Splash Beverage Group Stock Down 1.1%

SBEV traded down $0.00 during midday trading on Tuesday, hitting $0.37. The company had a trading volume of 97,992 shares, compared to its average volume of 3,725,531. The stock’s 50 day moving average price is $0.64 and its 200 day moving average price is $1.24. Splash Beverage Group has a 52 week low of $0.25 and a 52 week high of $13.40. The company has a market capitalization of $1.44 million, a price-to-earnings ratio of -0.87 and a beta of -1.10.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($1.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($12.80) by $10.92. The company had revenue of $0.00 million for the quarter, compared to the consensus estimate of $4.20 million.

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.