Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Declines By 56.1%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 464,365 shares, a decline of 56.1% from the July 30th total of 1,058,958 shares. Based on an average daily volume of 6,574,916 shares, the short-interest ratio is presently 0.1 days. Currently, 40.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Splash Beverage Group

A number of institutional investors have recently bought and sold shares of SBEV. Qube Research & Technologies Ltd purchased a new position in Splash Beverage Group during the second quarter valued at $46,000. Citadel Advisors LLC bought a new stake in Splash Beverage Group during the 3rd quarter valued at $29,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Splash Beverage Group in the 3rd quarter worth $33,000. 5.77% of the stock is owned by institutional investors.

Splash Beverage Group Stock Performance

The company has a 50 day moving average of $0.56 and a 200-day moving average of $1.11. The company has a market cap of $1.81 million, a PE ratio of -1.09 and a beta of -1.10. Splash Beverage Group has a 52 week low of $0.25 and a 52 week high of $13.40.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.77) EPS for the quarter, topping the consensus estimate of ($12.80) by $12.03.

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.