Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Down 7.3% in May

Celsius Holdings, Inc. (NASDAQ:CELH) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 14,710,000 shares, a decrease of 7.3% from the May 15th total of 15,870,000 shares. Based on an average trading volume of 4,450,000 shares, the short-interest ratio is presently 3.3 days.

Celsius Stock Performance

NASDAQ CELH traded up $4.86 during trading on Tuesday, reaching $63.28. 7,934,162 shares of the company’s stock were exchanged, compared to its average volume of 4,960,157. Celsius has a 1 year low of $45.03 and a 1 year high of $99.62. The stock has a market cap of $14.75 billion, a P/E ratio of 67.64, a price-to-earnings-growth ratio of 1.69 and a beta of 1.93. The company has a 50 day moving average price of $77.96 and a two-hundred day moving average price of $69.77.

Celsius (NASDAQ:CELH) last posted its earnings results on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was up 36.9% compared to the same quarter last year. Research analysts forecast that Celsius will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the sale, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Hal Kravitz sold 16,500 shares of Celsius stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the completion of the sale, the director now owns 201,282 shares in the company, valued at approximately $18,169,726.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares in the company, valued at $5,808,371.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,776,696 shares of company stock worth $107,920,209. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares in the last quarter. Capital International Investors grew its stake in Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares during the last quarter. Wellington Management Group LLP grew its stake in Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Celsius by 188.8% in the fourth quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after buying an additional 1,934,400 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Celsius by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,802,264 shares of the company’s stock valued at $232,365,000 after acquiring an additional 9,054 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CELH. Bank of America increased their target price on Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. Stifel Nicolaus lowered their price objective on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. Maxim Group cut their target price on shares of Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen decreased their price target on shares of Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Finally, Wedbush cut their price objective on Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.64.

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.