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

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 21,170,000 shares, a decline of 9.3% from the September 15th total of 23,350,000 shares. Based on an average trading volume of 6,280,000 shares, the short-interest ratio is presently 3.4 days.

Celsius Stock Down 1.1 %

Shares of CELH traded down $0.38 during mid-day trading on Wednesday, hitting $33.78. 10,941,971 shares of the company traded hands, compared to its average volume of 5,743,829. The company has a market capitalization of $7.87 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The business has a 50 day moving average of $34.98 and a 200 day moving average of $56.53. Celsius has a 1-year low of $28.20 and a 1-year high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. During the same quarter in the prior year, the business posted $0.17 EPS. Celsius’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, research analysts expect that Celsius will post 0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CELH shares. Jefferies Financial Group decreased their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Stifel Nicolaus dropped their price objective on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Piper Sandler reduced their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. UBS Group lowered their target price on Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, B. Riley cut their price target on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.29.

Insider Buying and Selling at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value 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 approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC acquired a new position in shares of Celsius in the first quarter valued at about $25,000. S.A. Mason LLC purchased a new position in Celsius during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its position in Celsius by 3,116.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Celsius during the 3rd quarter valued at approximately $34,000. Finally, Rise Advisors LLC boosted its holdings in shares of Celsius by 1,370.0% in the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

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.