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

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

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the company’s 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in Celsius by 10,320.0% during the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after buying an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC grew its stake in Celsius by 993.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock valued at $37,033,000 after acquiring an additional 1,072,859 shares in the last quarter. MIG Capital LLC bought a new stake in Celsius in the 3rd quarter valued at $30,358,000. Dimensional Fund Advisors LP lifted its stake in Celsius by 86.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 990,135 shares of the company’s stock worth $56,531,000 after purchasing an additional 460,227 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Celsius during the 2nd quarter valued at about $20,024,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Celsius Stock Performance

Shares of NASDAQ CELH traded down $0.36 during midday trading on Friday, reaching $27.23. The stock had a trading volume of 4,635,397 shares, compared to its average volume of 6,481,789. The stock has a 50-day moving average of $28.09 and a 200-day moving average of $34.85. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.79 and a beta of 1.79. Celsius has a 12-month low of $25.23 and a 12-month high of $99.62.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CELH. LADENBURG THALM/SH SH reduced their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Truist Financial raised their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.94.

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.