NewAge, Inc. (NASDAQ:NBEV – Get Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 11,150,000 shares, a growth of 21.9% from the April 15th total of 9,150,000 shares. Based on an average trading volume of 867,100 shares, the days-to-cover ratio is presently 12.9 days. Currently, 8.5% of the shares of the company are short sold.
NBEV opened at $0.42 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 1.42. NewAge has a fifty-two week low of $0.26 and a fifty-two week high of $2.58. The firm’s fifty day moving average is $0.48 and its 200 day moving average is $0.82. The stock has a market cap of $57.45 million, a price-to-earnings ratio of -1.31 and a beta of 1.33.
Separately, Zacks Investment Research upgraded shares of NewAge from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 27th.
About NewAge (Get Rating)
NewAge, Inc develops, markets, sells, and distributes healthy products in the United States, Japan, China, and internationally. The company operates in two segments, Direct / Social Selling and Direct Store. It provides health and wellness, energy drink, essential oil and anti-aging skincare, cosmetic, beverage, snacks, water and air filtration, and personal care products, as well as weight management, nutritional supplement, nutraceutical, and slenderiize products; diagnostic products, such as DNA testing and diagnostic kits and products; and CBD products.
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