Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Drops By 49.5%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,165 shares, a decrease of 49.5% from the December 31st total of 16,174 shares. Based on an average daily trading volume, of 41,678 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the company’s shares are short sold. Approximately 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 41,678 shares, the days-to-cover ratio is presently 0.2 days.

Splash Beverage Group Stock Performance

Shares of SBEV opened at $0.80 on Thursday. The company has a current ratio of 0.13, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $0.99 and its two-hundred day simple moving average is $1.59. Splash Beverage Group has a 12 month low of $0.65 and a 12 month high of $9.79. The stock has a market capitalization of $2.21 million, a P/E ratio of -1.86 and a beta of -1.19.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its 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 company had revenue of $0.98 million during the quarter, compared to the consensus estimate of $3.77 million. As a group, analysts predict that Splash Beverage Group will post -0.35 EPS for the current year.

Institutional Trading of Splash Beverage Group

Several hedge funds have recently modified their holdings of SBEV. Susquehanna International Group LLP bought a new position in Splash Beverage Group during the third quarter worth $33,000. Citadel Advisors LLC bought a new position in shares of Splash Beverage Group during the 3rd quarter worth about $29,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Splash Beverage Group during the 2nd quarter worth about $46,000. Institutional investors own 5.77% of the company’s stock.

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.