Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Update

Celsius Holdings, Inc. (NASDAQ:CELH) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 33,610,000 shares, a drop of 14.1% from the February 13th total of 39,140,000 shares. Approximately 14.6% of the shares of the company are short sold. Based on an average daily trading volume, of 9,890,000 shares, the days-to-cover ratio is presently 3.4 days.

Celsius Stock Performance

Shares of NASDAQ CELH traded up $0.91 during mid-day trading on Wednesday, reaching $31.28. The company had a trading volume of 5,747,821 shares, compared to its average volume of 7,209,419. The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 70.96, a PEG ratio of 2.90 and a beta of 1.90. The stock has a fifty day moving average of $25.88 and a two-hundred day moving average of $28.77. Celsius has a 12-month low of $21.10 and a 12-month high of $98.85.

Celsius (NASDAQ:CELH) last released its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The company had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Sell-side analysts forecast that Celsius will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its holdings in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock worth $1,151,000 after buying an additional 400 shares during the period. Blue Trust Inc. boosted its holdings in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after buying an additional 441 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of Celsius by 14.0% during the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after buying an additional 459 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Celsius by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock worth $2,040,000 after buying an additional 490 shares during the period. Finally, Apriem Advisors boosted its holdings in shares of Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock worth $478,000 after buying an additional 525 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research analyst reports. Needham & Company LLC lifted their target price on Celsius from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 target price on the stock. Piper Sandler lowered their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. UBS Group lowered their target price on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Celsius has an average rating of “Moderate Buy” and an average target price of $45.00.

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.