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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 218,300 shares, a decline of 32.2% from the August 15th total of 322,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 713,800 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

SBEV has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and set a $1.00 target price on shares of Splash Beverage Group in a research note on Tuesday, September 3rd. HC Wainwright reaffirmed a “buy” rating and set a $1.00 price objective on shares of Splash Beverage Group in a research note on Monday, August 26th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC raised its position in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the period. Choreo LLC owned approximately 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Stock Performance

Splash Beverage Group stock remained flat at $0.26 during mid-day trading on Monday. 157,117 shares of the company’s stock were exchanged, compared to its average volume of 504,840. The firm has a market cap of $14.71 million, a price-to-earnings ratio of -0.51 and a beta of -1.28. Splash Beverage Group has a 12 month low of $0.20 and a 12 month high of $0.78.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Splash Beverage Group had a negative net margin of 207.89% and a negative return on equity of 1,659.09%. The business had revenue of $1.05 million for the quarter, compared to analyst estimates of $1.61 million. Analysts predict that Splash Beverage Group will post -0.34 EPS for the current year.

About Splash Beverage Group

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. It is involved in the manufacture and distribution of non-alcoholic and alcoholic beverages; and retail sale of beverages and groceries online through qplash.com. 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.