Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Expands By 1,827.9%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 157,409 shares, an increase of 1,827.9% from the January 15th total of 8,165 shares. Approximately 18.9% of the shares of the company are sold short. Based on an average trading volume of 1,312,908 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 1,312,908 shares, the short-interest ratio is presently 0.1 days. Approximately 18.9% of the shares of the company are sold short.

Institutional Trading of Splash Beverage Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd acquired 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 during the third quarter worth approximately $29,000. Finally, Susquehanna International Group LLP purchased a new position in Splash Beverage Group during the third quarter worth approximately $33,000. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

Splash Beverage Group Stock Performance

Shares of SBEV stock opened at $0.45 on Wednesday. Splash Beverage Group has a 52-week low of $0.45 and a 52-week high of $9.79. The stock’s 50-day moving average price is $0.90 and its 200 day moving average price is $1.46. The company has a quick ratio of 0.07, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.25 million, a PE ratio of -1.05 and a beta of -1.19.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($2.80) by ($1.71). The firm had revenue of $0.98 million during the quarter, compared to analyst estimates of $3.77 million. As a group, equities research analysts forecast that Splash Beverage Group will post -0.35 EPS for the current year.

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.