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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 645,700 shares, a drop of 50.3% from the February 28th total of 1,300,000 shares. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are sold short.

Splash Beverage Group Stock Down 44.8 %

SBEV traded down $1.26 on Friday, reaching $1.55. The company’s stock had a trading volume of 260,070 shares, compared to its average volume of 30,302. The company has a market capitalization of $95.34 million, a P/E ratio of -3.59 and a beta of -1.07. Splash Beverage Group has a fifty-two week low of $1.49 and a fifty-two week high of $20.83. The business has a 50 day simple moving average of $17.22.

Analysts Set New Price Targets

Separately, HC Wainwright cut their price target on Splash Beverage Group from $40.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, November 29th.

Splash Beverage Group Company Profile

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.