Celsius Holdings, Inc. (NASDAQ:CELH) Sees Significant Growth in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 29,910,000 shares, an increase of 6.6% from the December 31st total of 28,060,000 shares. Based on an average trading volume of 8,950,000 shares, the short-interest ratio is currently 3.3 days.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by insiders.

Institutional Trading of Celsius

A number of large investors have recently made changes to their positions in CELH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Celsius during the third quarter worth approximately $34,000. Signaturefd LLC increased its stake in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after buying an additional 378 shares during the period. S.A. Mason LLC increased its stake in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after purchasing an additional 700 shares during the last quarter. Activest Wealth Management purchased a new position in Celsius in the third quarter valued at approximately $39,000. Finally, Blue Trust Inc. increased its stake in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company’s stock valued at $42,000 after purchasing an additional 549 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 target price on the stock. Jefferies Financial Group decreased their target price on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, Roth Mkm decreased their target price on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average target price of $48.00.

Celsius Stock Performance

Shares of CELH opened at $23.76 on Tuesday. The stock has a market capitalization of $5.58 billion, a PE ratio of 33.00, a P/E/G ratio of 2.77 and a beta of 1.78. Celsius has a 1 year low of $23.51 and a 1 year high of $99.62. The company’s 50-day simple moving average is $27.76 and its 200-day simple moving average is $32.57.

About Celsius

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.