Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Drop in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 645,700 shares, a decrease of 50.3% from the February 28th total of 1,300,000 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 2,660,000 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price target on shares of Splash Beverage Group from $40.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, November 29th.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN SBEV traded down $1.26 during trading on Friday, reaching $1.55. The stock had a trading volume of 260,070 shares, compared to its average volume of 30,302. The stock has a market capitalization of $95.34 million, a P/E ratio of -3.59 and a beta of -1.07. Splash Beverage Group has a fifty-two week low of $1.49 and a fifty-two week high of $20.83. The stock has a 50-day moving average price of $17.22.

About Splash Beverage Group

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.