Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Up 22.5% in November

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 273,100 shares, a growth of 22.5% from the October 31st total of 223,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 498,400 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC increased its stake in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after buying an additional 1,335,185 shares during the quarter. Choreo LLC owned about 2.63% of Splash Beverage Group worth $343,000 as of its most recent filing with the SEC. 5.77% of the stock is owned by hedge funds and other institutional investors.

Splash Beverage Group Stock Performance

Splash Beverage Group stock traded down $0.01 during trading on Monday, reaching $0.18. The company had a trading volume of 288,048 shares, compared to its average volume of 494,461. Splash Beverage Group has a 12-month low of $0.14 and a 12-month high of $0.73. The company has a market cap of $11.31 million, a price-to-earnings ratio of -0.44 and a beta of -1.26.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SBEV shares. Roth Mkm reiterated a “buy” rating and set a $1.00 price target on shares of Splash Beverage Group in a research report on Tuesday, September 3rd. HC Wainwright reduced their price objective on Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a report on Friday.

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.