Celsius Holdings, Inc. (NASDAQ:CELH) Sees Large Increase in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 23,350,000 shares, an increase of 5.8% from the August 31st total of 22,060,000 shares. Based on an average daily volume of 5,890,000 shares, the short-interest ratio is presently 4.0 days.

Wall Street Analysts Forecast Growth

CELH has been the subject of several research reports. Truist Financial reduced their target price on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 6th. UBS Group lowered their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Bank of America dropped their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. Wedbush reduced their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Roth Mkm dropped their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.29.

Celsius Stock Down 3.6 %

Shares of NASDAQ:CELH traded down $1.17 on Monday, reaching $31.36. 8,287,202 shares of the company’s stock were exchanged, compared to its average volume of 5,333,266. The business’s 50-day moving average is $38.43 and its two-hundred day moving average is $61.56. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.45 and a beta of 1.85. Celsius has a fifty-two week low of $30.86 and a fifty-two week high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.23 by $0.05. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. Analysts predict that Celsius will post 0.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Precision Wealth Strategies LLC increased its holdings in shares of Celsius by 199.3% in the fourth quarter. Precision Wealth Strategies LLC now owns 6,004 shares of the company’s stock worth $327,000 after purchasing an additional 3,998 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Celsius by 215.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock worth $26,577,000 after buying an additional 332,980 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Celsius during the fourth quarter worth approximately $587,000. Cambridge Investment Research Advisors Inc. increased its stake in Celsius by 248.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 57,140 shares of the company’s stock worth $3,115,000 after purchasing an additional 40,754 shares during the period. Finally, US Bancorp DE raised its position in shares of Celsius by 280.0% in the 4th quarter. US Bancorp DE now owns 25,817 shares of the company’s stock worth $1,408,000 after acquiring an additional 19,023 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.