Celsius Holdings Inc. (NASDAQ:CELH) Sees Significant Growth in Short Interest

Celsius Holdings Inc. (NASDAQ:CELH) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 20,489,465 shares, a growth of 41.3% from the February 26th total of 14,498,870 shares. Based on an average trading volume of 6,405,876 shares, the days-to-cover ratio is presently 3.2 days. Currently, 8.2% of the shares of the company are sold short.

Celsius Trading Down 4.6%

Celsius stock opened at $33.94 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.37 and a current ratio of 1.68. Celsius has a fifty-two week low of $32.36 and a fifty-two week high of $66.74. The stock has a market cap of $8.72 billion, a P/E ratio of 135.76, a PEG ratio of 1.17 and a beta of 0.89. The firm’s fifty day moving average price is $47.10 and its 200-day moving average price is $49.71.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Celsius had a return on equity of 37.68% and a net margin of 4.29%.The company had revenue of $721.63 million during the quarter, compared to analyst estimates of $638.17 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s quarterly revenue was up 117.2% on a year-over-year basis. Equities research analysts forecast that Celsius will post 0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Celsius in the fourth quarter valued at approximately $140,803,000. Massachusetts Financial Services Co. MA purchased a new position in Celsius in the 4th quarter worth approximately $115,321,000. Westfield Capital Management Co. LP purchased a new position in Celsius in the 4th quarter worth approximately $70,632,000. BNP Paribas Financial Markets increased its holdings in shares of Celsius by 389.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,713,170 shares of the company’s stock worth $98,490,000 after buying an additional 1,362,867 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of Celsius in the 2nd quarter worth $59,382,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CELH. Roth Mkm reaffirmed a “buy” rating on shares of Celsius in a report on Monday, February 9th. Needham & Company LLC increased their price objective on Celsius from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, February 27th. UBS Group restated a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Celsius in a research note on Wednesday, January 14th. Piper Sandler reaffirmed an “overweight” rating and set a $65.00 target price (up from $61.00) on shares of Celsius in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded Celsius from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Nineteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.94.

About Celsius

Celsius Holdings, Inc is an American beverage company known for its line of fitness and energy drinks formulated to support active lifestyles. The company’s flagship product, the Celsius® brand, features beverages enhanced with ingredients such as green tea extract, guarana seed extract and essential vitamins, positioned as a functional alternative to traditional energy drinks. These products are designed to deliver a blend of ingredients that support metabolism and sustained energy without high sugar content or artificial preservatives.

In addition to its core carbonated drink portfolio, Celsius has expanded its offerings to include powder mixes and non-carbonated ready-to-drink variants, catering to consumer preferences around taste, convenience and nutritional needs.