Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Update

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 27,130,000 shares, a decline of 5.6% from the October 31st total of 28,730,000 shares. Based on an average daily trading volume, of 8,390,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

CELH has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. Roth Mkm lowered their price objective on shares of Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Jefferies Financial Group decreased their target price on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Finally, UBS Group reduced their price objective on Celsius from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $28.64 on Tuesday. The business has a 50 day simple moving average of $30.26 and a 200 day simple moving average of $45.07. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 3.27 and a beta of 1.86.

Insiders Place Their Bets

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 3.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Several large investors have recently added to or reduced their stakes in CELH. Tidal Investments LLC lifted its stake in shares of Celsius by 58.9% in the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock valued at $695,000 after purchasing an additional 8,215 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Celsius by 66.2% during the third quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock valued at $103,000 after buying an additional 1,308 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Celsius by 479.6% during the 3rd quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock worth $3,252,000 after acquiring an additional 85,809 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Celsius by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after acquiring an additional 104,896 shares during the last quarter. Finally, M&T Bank Corp raised its stake in shares of Celsius by 49.3% in the 3rd quarter. M&T Bank Corp now owns 30,765 shares of the company’s stock valued at $965,000 after acquiring an additional 10,159 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

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.