Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Increase in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily volume of 5,331,193 shares, the days-to-cover ratio is presently 0.2 days. Currently, 128.4% of the company’s shares are sold short.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN SBEV traded up $0.01 during mid-day trading on Friday, hitting $0.41. The stock had a trading volume of 467,739 shares, compared to its average volume of 6,448,102. Splash Beverage Group has a 1 year low of $0.25 and a 1 year high of $13.40. The business has a 50 day moving average price of $0.66 and a two-hundred day moving average price of $1.28. The firm has a market cap of $1.56 million, a P/E ratio of -0.94 and a beta of -1.10.

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

Institutional Trading of Splash Beverage Group

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in Splash Beverage Group during the 3rd quarter valued at approximately $33,000. Citadel Advisors LLC bought a new stake in shares of Splash Beverage Group in the 3rd quarter worth approximately $29,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Splash Beverage Group during the second quarter valued at approximately $46,000. 5.77% of the stock is owned by institutional investors.

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.