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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 173,400 shares, a decline of 20.6% from the August 31st total of 218,300 shares. Based on an average daily trading volume, of 666,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Splash Beverage Group

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) in the first quarter, according to its most recent Form 13F 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 at the end of the most recent quarter. 5.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SBEV shares. HC Wainwright reaffirmed 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 reaffirmed a “buy” rating and set a $1.00 target price on shares of Splash Beverage Group in a research report on Tuesday, September 3rd.

Splash Beverage Group Stock Up 2.0 %

Shares of NYSEAMERICAN:SBEV traded up $0.01 during trading on Friday, reaching $0.25. 219,425 shares of the stock were exchanged, compared to its average volume of 495,478. Splash Beverage Group has a 1-year low of $0.20 and a 1-year high of $0.74. The firm has a market capitalization of $14.31 million, a price-to-earnings ratio of -0.49 and a beta of -1.28.

Splash Beverage Group (NYSEAMERICAN:SBEV) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates 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 return on equity of 1,659.09% and a negative net margin of 207.89%. Equities research 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.