Celsius Holdings, Inc. (NASDAQ:CELH) Sees Large Decrease in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 28,390,000 shares, a drop of 15.5% from the February 28th total of 33,610,000 shares. Based on an average daily volume of 10,000,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 12.4% of the shares of the company are sold short.

Insider Transactions at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of Celsius stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the completion of the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. The trade was a 17.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. The trade was a 18.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. Vanguard Group Inc. increased its position in shares of Celsius by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 15,813,110 shares of the company’s stock worth $416,517,000 after purchasing an additional 345,837 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Celsius by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 14,292,123 shares of the company’s stock valued at $376,455,000 after acquiring an additional 1,444,020 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Celsius by 60.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,877,918 shares of the company’s stock valued at $181,164,000 after acquiring an additional 2,591,345 shares during the period. State Street Corp boosted its position in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock worth $166,860,000 after purchasing an additional 165,329 shares during the period. Finally, FMR LLC increased its holdings in Celsius by 64.2% in the 4th quarter. FMR LLC now owns 4,055,148 shares of the company’s stock valued at $106,813,000 after purchasing an additional 1,585,839 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Trading Up 2.9 %

Shares of CELH opened at $36.75 on Thursday. Celsius has a 12-month low of $21.10 and a 12-month high of $98.85. The firm has a market capitalization of $8.64 billion, a P/E ratio of 83.52, a P/E/G ratio of 2.90 and a beta of 1.57. The firm has a 50-day moving average price of $27.44 and a 200 day moving average price of $28.86.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to analysts’ expectations of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Equities research analysts predict that Celsius will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CELH has been the topic of a number of research analyst reports. Jefferies Financial Group dropped their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Stifel Nicolaus cut their target price on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial upgraded Celsius from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $45.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.00.

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.