Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Up 14.1% in October

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 28,730,000 shares, a growth of 14.1% from the October 15th total of 25,170,000 shares. Based on an average daily trading volume, of 7,670,000 shares, the short-interest ratio is presently 3.7 days.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 3.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its stake in shares of Celsius by 169.8% in the third quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares in the last quarter. Vontobel Holding Ltd. grew its position in Celsius by 93.5% during the third quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after buying an additional 22,786 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Celsius in the 2nd quarter valued at about $20,024,000. LRI Investments LLC acquired a new position in Celsius during the first quarter valued at approximately $134,000. Finally, Cetera Investment Advisers lifted its position in shares of Celsius by 189.3% during the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock worth $10,646,000 after buying an additional 122,011 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Celsius Stock Performance

Celsius stock traded down $1.27 during midday trading on Friday, reaching $25.66. The stock had a trading volume of 10,025,815 shares, compared to its average volume of 8,374,845. Celsius has a 1-year low of $25.50 and a 1-year high of $99.62. The firm’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $49.47. The stock has a market capitalization of $6.03 billion, a P/E ratio of 35.64, a price-to-earnings-growth ratio of 2.95 and a beta of 1.86.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CELH. Truist Financial raised their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH decreased their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. B. Riley lowered their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Roth Mkm reduced their price objective on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

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.