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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 130,100 shares, a decrease of 47.2% from the November 30th total of 246,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 470,500 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

SBEV has been the topic of several recent analyst reports. HC Wainwright decreased their price objective on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating on the stock in a report on Friday, November 29th. Roth Mkm reaffirmed a “buy” rating and issued a $1.00 price target on shares of Splash Beverage Group in a research note on Tuesday, September 3rd.

Splash Beverage Group Stock Performance

Shares of NYSEAMERICAN:SBEV traded up $0.01 during midday trading on Friday, hitting $0.18. The company had a trading volume of 164,753 shares, compared to its average volume of 491,911. Splash Beverage Group has a twelve month low of $0.14 and a twelve month high of $0.73. The stock has a market cap of $11.24 million, a PE ratio of -0.42 and a beta of -1.23.

Hedge Funds Weigh In On Splash Beverage Group

An institutional investor recently raised its position in Splash Beverage Group stock. Choreo LLC boosted its position in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) by 4,390.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,365,599 shares of the company’s stock after acquiring an additional 1,335,185 shares during the quarter. Choreo LLC owned 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.