Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Update

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 276,834 shares, a decrease of 53.6% from the April 15th total of 597,223 shares. Based on an average daily volume of 1,950,603 shares, the short-interest ratio is presently 0.1 days. Approximately 8.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Splash Beverage Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in Splash Beverage Group in the 2nd quarter valued at approximately $46,000. Susquehanna International Group LLP acquired a new position in Splash Beverage Group in the 3rd quarter valued at approximately $33,000. Finally, Citadel Advisors LLC acquired a new position in Splash Beverage Group in the 3rd quarter valued at approximately $29,000. 5.77% of the stock is currently owned by hedge funds and other institutional investors.

Splash Beverage Group Trading Down 9.2%

Shares of NYSEAMERICAN SBEV traded down $0.02 during mid-day trading on Friday, hitting $0.22. 2,549,367 shares of the company traded hands, compared to its average volume of 1,685,371. Splash Beverage Group has a 1 year low of $0.20 and a 1 year high of $5.48. The stock has a market capitalization of $2.34 million, a price-to-earnings ratio of -0.50 and a beta of -1.08. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $0.38 and a two-hundred day moving average of $0.74.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its earnings results on Wednesday, April 15th. The company reported ($0.81) EPS for the quarter. The firm had revenue of ($3.50) million during the quarter.

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.