Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Large Decrease in Short Interest

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Splash Beverage Group stock. Sanibel Captiva Trust Company Inc. purchased a new stake in Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $28,000. Sanibel Captiva Trust Company Inc. owned about 0.13% of Splash Beverage Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 5.77% of the company’s stock.

Splash Beverage Group Price Performance

Shares of Splash Beverage Group stock remained flat at $0.26 during trading on Monday. 157,117 shares of the stock traded hands, compared to its average volume of 504,840. The firm has a market cap of $14.71 million, a price-to-earnings ratio of -0.51 and a beta of -1.28. Splash Beverage Group has a one year low of $0.20 and a one year high of $0.78.

Splash Beverage Group (NYSEAMERICAN:SBEV) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $1.05 million for the quarter, compared to analyst estimates 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%. Sell-side analysts anticipate that Splash Beverage Group will post -0.34 earnings per share for the current fiscal year.

Splash Beverage Group Company Profile

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.