Short Interest in Zevia PBC (NYSE:ZVIA) Decreases By 34.6%

Zevia PBC (NYSE:ZVIA) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 497,700 shares, a decline of 34.6% from the October 31st total of 761,500 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 330,500 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Zevia PBC in a research note on Monday, November 4th.

Insiders Place Their Bets

In related news, major shareholder White Pine Llc sold 26,510 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $1.18, for a total transaction of $31,281.80. Following the completion of the transaction, the insider now owns 1,577,628 shares of the company’s stock, valued at approximately $1,861,601.04. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 12.55% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zevia PBC in the 2nd quarter valued at $26,000. Nwam LLC bought a new position in shares of Zevia PBC in the 3rd quarter valued at about $39,000. Renaissance Technologies LLC grew its holdings in shares of Zevia PBC by 128.7% in the 2nd quarter. Renaissance Technologies LLC now owns 69,300 shares of the company’s stock valued at $47,000 after acquiring an additional 39,000 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Zevia PBC in the 3rd quarter valued at about $50,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Zevia PBC in the 3rd quarter valued at about $108,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

Zevia PBC Stock Up 4.2 %

Shares of ZVIA traded up $0.09 on Thursday, hitting $2.21. The company’s stock had a trading volume of 288,652 shares, compared to its average volume of 813,333. The company has a 50 day moving average price of $1.35 and a 200 day moving average price of $1.06. Zevia PBC has a fifty-two week low of $0.62 and a fifty-two week high of $2.55.

Zevia PBC (NYSE:ZVIA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.07. The firm had revenue of $36.37 million for the quarter, compared to the consensus estimate of $38.53 million. Zevia PBC had a negative return on equity of 38.02% and a negative net margin of 14.02%. During the same quarter in the prior year, the business earned ($0.16) EPS. As a group, sell-side analysts predict that Zevia PBC will post -0.29 EPS for the current fiscal year.

About Zevia PBC

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.