Celsius Holdings Inc. (NASDAQ:CELH) Short Interest Up 41.3% in March

Celsius Holdings Inc. (NASDAQ:CELH) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 20,489,465 shares, a growth of 41.3% from the February 26th total of 14,498,870 shares. Based on an average daily volume of 6,405,876 shares, the days-to-cover ratio is currently 3.2 days. Approximately 8.2% of the company’s stock are short sold.

Celsius Price Performance

NASDAQ:CELH opened at $33.94 on Friday. The stock has a market capitalization of $8.72 billion, a PE ratio of 135.76, a P/E/G ratio of 1.11 and a beta of 0.89. Celsius has a 1-year low of $32.36 and a 1-year high of $66.74. The firm has a fifty day simple moving average of $47.10 and a 200 day simple moving average of $49.66. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.57.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $721.63 million for the quarter, compared to analyst estimates of $638.17 million. Celsius had a net margin of 4.29% and a return on equity of 37.68%. The company’s quarterly revenue was up 117.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share. On average, research analysts expect that Celsius will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Celsius

Hedge funds have recently bought and sold shares of the company. Hood River Capital Management LLC lifted its holdings in Celsius by 249.5% during the 2nd quarter. Hood River Capital Management LLC now owns 1,302,164 shares of the company’s stock valued at $60,407,000 after purchasing an additional 929,597 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Celsius in the third quarter valued at $1,619,000. Braun Stacey Associates Inc. increased its holdings in shares of Celsius by 15.1% in the third quarter. Braun Stacey Associates Inc. now owns 595,901 shares of the company’s stock valued at $34,258,000 after purchasing an additional 78,027 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Celsius by 68.1% in the third quarter. Allianz Asset Management GmbH now owns 116,682 shares of the company’s stock valued at $6,708,000 after purchasing an additional 47,281 shares during the period. Finally, Kercheville Advisors LLC raised its position in shares of Celsius by 9.6% in the third quarter. Kercheville Advisors LLC now owns 222,793 shares of the company’s stock valued at $12,808,000 after purchasing an additional 19,520 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CELH has been the subject of several recent research reports. KeyCorp initiated coverage on Celsius in a research report on Tuesday, December 16th. They set a “sector weight” rating for the company. Weiss Ratings upgraded Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Roth Mkm reaffirmed a “buy” rating on shares of Celsius in a research report on Monday, February 9th. Piper Sandler reaffirmed an “overweight” rating and set a $65.00 price target (up from $61.00) on shares of Celsius in a research note on Thursday, January 29th. Finally, UBS Group reiterated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Celsius in a report on Wednesday, January 14th. Nineteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average target price of $67.94.

About Celsius

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.