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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 577,440 shares, a growth of 137.0% from the June 30th total of 243,654 shares. Currently, 17.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,398,635 shares, the days-to-cover ratio is presently 0.0 days.

Splash Beverage Group Trading Down 9.3%

Shares of NYSEAMERICAN:SBEV traded down $0.03 during trading on Wednesday, hitting $0.32. 469,885 shares of the stock were exchanged, compared to its average volume of 3,173,926. The company has a market cap of $875,978.00, a PE ratio of -0.74 and a beta of -1.16. Splash Beverage Group has a 12-month low of $0.25 and a 12-month high of $13.40. The company has a fifty day moving average price of $0.76 and a two-hundred day moving average price of $1.51.

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

Institutional Trading of Splash Beverage Group

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

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.