Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Down 78.3% in December

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 16,174 shares, a drop of 78.3% from the December 15th total of 74,486 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 55,355 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 55,355 shares, the short-interest ratio is currently 0.3 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Trading of Splash Beverage Group

Hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in shares of Splash Beverage Group in the 3rd quarter worth about $33,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group during the 3rd quarter valued at about $29,000. Finally, Qube Research & Technologies Ltd bought a new stake in Splash Beverage Group during the second quarter worth about $46,000. Institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Trading Up 1.1%

Shares of Splash Beverage Group stock traded up $0.01 during midday trading on Tuesday, reaching $0.73. 26,155 shares of the company’s stock traded hands, compared to its average volume of 44,809. The stock has a 50 day moving average of $1.07 and a 200-day moving average of $1.80. Splash Beverage Group has a 12 month low of $0.68 and a 12 month high of $10.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.07 and a current ratio of 0.13. The company has a market cap of $2.01 million, a PE ratio of -1.69 and a beta of -1.19.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.80) by ($1.71). The company had revenue of $0.98 million for the quarter, compared to the consensus estimate of $3.77 million. As a group, equities analysts expect that Splash Beverage Group will post -0.35 EPS for the current fiscal year.

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.