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

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 29,910,000 shares, an increase of 6.6% from the December 15th total of 28,060,000 shares. Based on an average daily volume of 8,950,000 shares, the days-to-cover ratio is presently 3.3 days.

Celsius Stock Performance

CELH stock traded down $0.36 during trading on Friday, reaching $27.23. 4,635,397 shares of the company traded hands, compared to its average volume of 6,481,789. The business has a 50 day simple moving average of $28.09 and a 200 day simple moving average of $34.85. Celsius has a 12 month low of $25.23 and a 12 month high of $99.62. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now directly owns 261,245 shares in the company, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its position in Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock valued at $37,000 after acquiring an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Celsius by 3,150.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock valued at $37,000 after purchasing an additional 630 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Celsius in the 2nd quarter worth $45,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius during the 3rd quarter worth $34,000. Finally, Signaturefd LLC increased its position in Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Roth Mkm decreased their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, December 16th. B. Riley decreased 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft began coverage on Celsius in a research report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price for the company. Finally, Jefferies Financial Group cut their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.94.

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.