Celsius Holdings, Inc. (NASDAQ:CELH) Sees Large Decline in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 18,160,000 shares, a decline of 52.9% from the February 29th total of 38,530,000 shares. Based on an average daily trading volume, of 4,850,000 shares, the short-interest ratio is presently 3.7 days.

Insider Activity

In related news, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the sale, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Dean Desantis sold 100,000 shares of Celsius stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $95.75, for a total transaction of $9,575,000.00. Following the sale, the insider now directly owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Caroline S. Levy sold 20,000 shares of Celsius stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now owns 37,891 shares in the company, valued at $3,590,930.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,120,568 shares of company stock valued at $64,473,782. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC increased its position in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after buying an additional 135 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in Celsius in the third quarter worth about $32,000. St. Johns Investment Management Company LLC purchased a new stake in Celsius in the third quarter worth about $34,000. Parkside Financial Bank & Trust bought a new position in shares of Celsius in the second quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Celsius in the third quarter worth about $36,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Celsius stock traded down $0.51 during mid-day trading on Friday, reaching $82.92. 3,356,021 shares of the stock traded hands, compared to its average volume of 6,291,384. The stock has a market capitalization of $19.16 billion, a PE ratio of 107.23, a price-to-earnings-growth ratio of 2.44 and a beta of 1.87. Celsius has a 12-month low of $28.08 and a 12-month high of $99.62. The business’s 50-day moving average is $71.49 and its 200-day moving average is $62.37.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to analysts’ expectations of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business’s quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 earnings per share. Equities analysts anticipate that Celsius will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CELH shares. Jefferies Financial Group boosted their target price on Celsius from $98.00 to $105.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Roth Mkm upped their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Piper Sandler upped their price target on Celsius from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Wedbush upped their price target on Celsius from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Stifel Nicolaus upped their price target on Celsius from $67.00 to $90.00 and gave the company a “buy” rating in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.38.

Celsius Company Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.