Celsius Holdings, Inc. (NASDAQ:CELH) Sees Significant Growth in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 29,910,000 shares, a growth of 6.6% from the December 31st total of 28,060,000 shares. Based on an average daily trading volume, of 8,950,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

CELH has been the topic of a number of research reports. TD Cowen lowered Celsius from a “buy” rating to a “hold” rating and cut their price objective for the company from $40.00 to $29.00 in a report on Wednesday, January 22nd. Stifel Nicolaus cut their price objective on Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley reissued an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Piper Sandler cut their price objective on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.00.

Insider Activity at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This represents a 19.92 % 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. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Celsius

A number of institutional investors have recently made changes to their positions in CELH. Handelsbanken Fonder AB raised its stake in Celsius by 27.6% in the 4th quarter. Handelsbanken Fonder AB now owns 44,900 shares of the company’s stock valued at $1,183,000 after purchasing an additional 9,700 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in Celsius during the 4th quarter worth $2,240,000. New York State Common Retirement Fund lifted its stake in shares of Celsius by 30.0% in the fourth quarter. New York State Common Retirement Fund now owns 430,427 shares of the company’s stock worth $11,337,000 after buying an additional 99,269 shares in the last quarter. Peregrine Capital Management LLC purchased a new position in shares of Celsius in the fourth quarter worth about $6,439,000. Finally, Atria Wealth Solutions Inc. boosted its position in Celsius by 102.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,823 shares of the company’s stock worth $601,000 after acquiring an additional 11,528 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Trading Down 4.9 %

Shares of CELH stock opened at $23.76 on Tuesday. The company has a market capitalization of $5.58 billion, a P/E ratio of 33.00, a P/E/G ratio of 2.77 and a beta of 1.78. The business’s 50 day moving average is $27.76 and its two-hundred day moving average is $32.57. Celsius has a 12-month low of $23.51 and a 12-month high of $99.62.

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.