Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Update

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 74,486 shares, a decline of 85.7% from the November 30th total of 519,414 shares. Currently, 8.9% of the shares of the company are sold short. Based on an average trading volume of 1,956,653 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 1,956,653 shares, the short-interest ratio is presently 0.0 days. Currently, 8.9% of the shares of the company are sold short.

Hedge Funds Weigh In On Splash Beverage Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd purchased a new stake in Splash Beverage Group during the second quarter worth about $46,000. Citadel Advisors LLC purchased a new position in Splash Beverage Group in the third quarter valued at about $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group during the 3rd quarter valued at approximately $33,000. 5.77% of the stock is owned by institutional investors and hedge funds.

Splash Beverage Group Stock Performance

NYSEAMERICAN SBEV traded down $0.09 during trading hours on Wednesday, hitting $0.99. 49,781 shares of the stock were exchanged, compared to its average volume of 1,171,857. 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 company has a market cap of $2.75 million, a price-to-earnings ratio of -2.31 and a beta of -1.24. Splash Beverage Group has a 12-month low of $0.71 and a 12-month high of $13.59. The stock has a 50-day moving average of $1.37 and a 200 day moving average of $2.02.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($2.80) by ($1.71). The firm had revenue of $0.98 million during the quarter, compared to analyst estimates of $3.77 million. As a group, equities research analysts forecast 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.