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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 199,100 shares, a drop of 16.6% from the March 15th total of 238,700 shares. Based on an average daily volume of 198,900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, HC Wainwright lowered their price objective on shares of Splash Beverage Group from $2.50 to $1.00 and set a “buy” rating for the company in a research report on Thursday, April 4th.

Institutional Investors Weigh In On Splash Beverage Group

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Splash Beverage Group by 9,981.9% during the 1st quarter. Vanguard Group Inc. now owns 1,440,700 shares of the company’s stock valued at $4,091,000 after buying an additional 1,426,410 shares in the last quarter. Virtu Financial LLC lifted its holdings in Splash Beverage Group by 670.5% during the 1st quarter. Virtu Financial LLC now owns 91,069 shares of the company’s stock valued at $259,000 after buying an additional 79,250 shares in the last quarter. State Street Corp lifted its holdings in Splash Beverage Group by 107.7% during the 1st quarter. State Street Corp now owns 70,000 shares of the company’s stock valued at $199,000 after buying an additional 36,300 shares in the last quarter. BlackRock Inc. lifted its holdings in Splash Beverage Group by 20.5% during the 1st quarter. BlackRock Inc. now owns 75,206 shares of the company’s stock valued at $123,000 after buying an additional 12,797 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Splash Beverage Group during the 2nd quarter valued at about $54,000. Institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Trading Down 1.5 %

Splash Beverage Group stock opened at $0.33 on Friday. Splash Beverage Group has a 12-month low of $0.32 and a 12-month high of $1.32.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its earnings results on Friday, March 29th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $2.69 million during the quarter, compared to the consensus estimate of $5.99 million. Splash Beverage Group had a negative return on equity of 1,659.09% and a negative net margin of 119.37%. As a group, equities analysts predict that Splash Beverage Group will post -0.31 EPS for the current year.

Splash Beverage Group Company Profile

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. The company's products include flavored tequilas under the SALT Naturally Flavored Tequila name; hydration and energy products under the TapouT Performance name; wine under the Copa di Vino name; and Pulpoloco Sangria.