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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 157,409 shares, a growth of 1,827.9% from the January 15th total of 8,165 shares. Based on an average daily trading volume, of 1,312,908 shares, the short-interest ratio is currently 0.1 days. Currently, 18.9% of the company’s shares are sold short. Currently, 18.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,312,908 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Splash Beverage Group

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

Splash Beverage Group Trading Down 12.5%

Splash Beverage Group stock traded down $0.06 during mid-day trading on Tuesday, hitting $0.45. 122,721 shares of the company’s stock were exchanged, compared to its average volume of 538,113. The company’s 50 day simple moving average is $0.91 and its 200-day simple moving average is $1.47. The company has a quick ratio of 0.07, a current ratio of 0.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.25 million, a P/E ratio of -1.05 and a beta of -1.19. Splash Beverage Group has a fifty-two week low of $0.45 and a fifty-two week high of $9.79.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its earnings results on Wednesday, November 19th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.80) by ($1.71). The business had revenue of $0.98 million during the quarter, compared to analysts’ expectations of $3.77 million. On average, equities analysts anticipate that Splash Beverage Group will post -0.35 earnings per share for the current year.

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.