National Beverage Corp. (NASDAQ:FIZZ – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 2,770,000 shares, an increase of 6.1% from the September 15th total of 2,610,000 shares. Currently, 12.8% of the shares of the company are short sold. Based on an average daily volume of 178,200 shares, the short-interest ratio is currently 15.5 days.
National Beverage Stock Up 1.1 %
NASDAQ:FIZZ traded up $0.53 on Thursday, hitting $46.75. The stock had a trading volume of 112,323 shares, compared to its average volume of 174,674. National Beverage has a 52-week low of $42.85 and a 52-week high of $53.58. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 24.46 and a beta of 0.82. The business’s 50-day simple moving average is $45.58 and its two-hundred day simple moving average is $47.01.
National Beverage (NASDAQ:FIZZ – Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. National Beverage had a net margin of 15.36% and a return on equity of 39.91%. The company had revenue of $329.47 million during the quarter.
Hedge Funds Weigh In On National Beverage
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their price target on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, September 10th.
Get Our Latest Report on National Beverage
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix CĂșrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.
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