Short Interest in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Expands By 22.5%

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 273,100 shares, a growth of 22.5% from the October 31st total of 223,000 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 498,400 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SBEV. HC Wainwright cut their target price on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating on the stock in a report on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $1.00 price objective on shares of Splash Beverage Group in a research report on Tuesday, September 3rd.

Institutional Investors Weigh In On Splash Beverage Group

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC lifted its stake in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 2.63% of Splash Beverage Group worth $343,000 at the end of the most recent quarter. Institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Trading Down 6.0 %

NYSEAMERICAN:SBEV traded down $0.01 during trading hours on Monday, hitting $0.18. 288,048 shares of the company traded hands, compared to its average volume of 494,461. Splash Beverage Group has a one year low of $0.14 and a one year high of $0.73. The stock has a market cap of $11.31 million, a PE ratio of -0.44 and a beta of -1.26.

Splash Beverage Group Company Profile

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.