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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 645,700 shares, a decrease of 50.3% from the February 28th total of 1,300,000 shares. Based on an average trading volume of 2,660,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.2% of the company’s shares are short sold.

Splash Beverage Group Stock Down 44.8 %

SBEV stock traded down $1.26 during midday trading on Friday, reaching $1.55. The company’s stock had a trading volume of 260,070 shares, compared to its average volume of 30,302. Splash Beverage Group has a 1 year low of $0.32 and a 1 year high of $20.83. The stock has a market cap of $95.34 million, a price-to-earnings ratio of -3.59 and a beta of -1.07. The company’s fifty day moving average price is $17.22.

Analyst Ratings Changes

Separately, HC Wainwright decreased their price objective on shares of Splash Beverage Group from $40.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, November 29th.

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.