Short Interest in Celsius Holdings, Inc. (NASDAQ:CELH) Decreases By 7.3%

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 14,710,000 shares, a drop of 7.3% from the May 15th total of 15,870,000 shares. Based on an average daily trading volume, of 4,450,000 shares, the short-interest ratio is presently 3.3 days.

Celsius Stock Up 8.3 %

NASDAQ:CELH traded up $4.86 during midday trading on Tuesday, hitting $63.28. The company had a trading volume of 7,923,383 shares, compared to its average volume of 4,960,113. The stock’s fifty day moving average price is $77.96 and its 200-day moving average price is $69.77. Celsius has a 52-week low of $45.03 and a 52-week high of $99.62. The company has a market capitalization of $14.75 billion, a PE ratio of 67.64, a P/E/G ratio of 1.69 and a beta of 1.93.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 36.9% on a year-over-year basis. As a group, research analysts forecast that Celsius will post 1.09 earnings per share for the current year.

Insider Activity

In other news, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $69.42, for a total transaction of $283,164.18. Following the completion of the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders sold a total of 1,776,696 shares of company stock worth $107,920,209 in the last three months. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its position in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after buying an additional 127 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in Celsius by 1,350.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Celsius by 0.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,624 shares of the company’s stock valued at $2,291,000 after buying an additional 181 shares during the period. Lido Advisors LLC boosted its holdings in shares of Celsius by 8.9% during the third quarter. Lido Advisors LLC now owns 2,506 shares of the company’s stock worth $430,000 after purchasing an additional 205 shares during the period. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock worth $1,539,000 after purchasing an additional 215 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Bank of America lifted their target price on shares of Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 29th. Morgan Stanley dropped their target price on shares of Celsius from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 12th. Maxim Group dropped their target price on shares of Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Wedbush dropped their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.64.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.