Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Decline in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 218,300 shares, a decline of 32.2% from the August 15th total of 322,000 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 713,800 shares, the days-to-cover ratio is presently 0.3 days.

Splash Beverage Group Price Performance

Shares of Splash Beverage Group stock remained flat at $0.26 during midday trading on Friday. 306,882 shares of the stock were exchanged, compared to its average volume of 506,794. The company has a market cap of $14.95 million, a P/E ratio of -0.52 and a beta of -1.28. Splash Beverage Group has a fifty-two week low of $0.20 and a fifty-two week high of $0.79.

Splash Beverage Group (NYSEAMERICAN:SBEV) last announced its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $1.05 million for the quarter, compared to the consensus estimate of $1.61 million. Splash Beverage Group had a negative net margin of 207.89% and a negative return on equity of 1,659.09%. As a group, equities research analysts anticipate that Splash Beverage Group will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Splash Beverage Group in a research note on Monday, August 26th. Roth Mkm reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Splash Beverage Group in a research note on Tuesday, September 3rd.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC increased its holdings in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the period. Choreo LLC owned about 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.77% of the company’s stock.

About Splash Beverage Group

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.