Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Update

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 33,610,000 shares, a decrease of 14.1% from the February 13th total of 39,140,000 shares. Based on an average daily volume of 9,890,000 shares, the short-interest ratio is currently 3.4 days. Approximately 14.6% of the shares of the company are short sold.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the completion of the transaction, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joyce Russell sold 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC boosted its position in shares of Celsius by 671.1% during the third quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock worth $684,000 after purchasing an additional 18,985 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in Celsius by 17.1% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after buying an additional 25,315 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Celsius during the 3rd quarter worth $3,795,000. Moran Wealth Management LLC raised its stake in Celsius by 68.0% during the 3rd quarter. Moran Wealth Management LLC now owns 10,752 shares of the company’s stock worth $337,000 after buying an additional 4,353 shares during the period. Finally, King Luther Capital Management Corp raised its stake in Celsius by 4.7% during the 3rd quarter. King Luther Capital Management Corp now owns 60,927 shares of the company’s stock worth $1,911,000 after buying an additional 2,720 shares during the period. Institutional investors own 60.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group dropped their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. UBS Group cut their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Needham & Company LLC upped their price objective on shares of Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Stock Performance

CELH traded up $0.91 during trading on Wednesday, reaching $31.28. 5,747,821 shares of the company’s stock were exchanged, compared to its average volume of 7,209,419. The company’s fifty day moving average price is $25.88 and its 200-day moving average price is $28.77. The firm has a market capitalization of $7.35 billion, a PE ratio of 70.96, a P/E/G ratio of 2.90 and a beta of 1.90. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $98.85.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The business had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Research analysts forecast that Celsius will post 0.89 earnings per share for the current fiscal year.

Celsius Company Profile

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.