Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Short Interest Update

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 218,300 shares, a drop of 32.2% from the August 15th total of 322,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 713,800 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $1.00 target price on shares of Splash Beverage Group in a research report on Monday, August 26th. Roth Mkm restated a “buy” rating and issued a $1.00 target price on shares of Splash Beverage Group in a report on Tuesday, September 3rd.

Splash Beverage Group Stock Performance

SBEV remained flat at $0.26 during trading on Monday. 157,117 shares of the company’s stock traded hands, compared to its average volume of 504,840. Splash Beverage Group has a 12 month low of $0.20 and a 12 month high of $0.78. The stock has a market capitalization of $14.71 million, a P/E ratio of -0.51 and a beta of -1.28.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $1.05 million during the quarter, compared to the consensus estimate of $1.61 million. Splash Beverage Group had a negative net margin of 207.89% and a negative return on equity of 1,659.09%. As a group, equities research analysts anticipate that Splash Beverage Group will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Splash Beverage Group stock. Choreo LLC raised its stake in shares of Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the quarter. Choreo LLC owned approximately 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.

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.