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

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant growth in short interest in November. As of November 29th, there was short interest totalling 2,780,000 shares, a growth of 11.2% from the November 14th total of 2,500,000 shares. Approximately 11.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 314,500 shares, the days-to-cover ratio is presently 8.8 days.

CELH has been the subject of a number of research reports. ValuEngine lowered shares of Celsius from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research upped their target price on shares of Celsius to $10.00 in a report on Friday, November 22nd. B. Riley set a $10.00 price target on shares of Celsius and gave the company a “buy” rating in a research report on Friday, September 13th. BidaskClub raised shares of Celsius from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Maxim Group set a $8.00 price target on shares of Celsius and gave the company a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $9.33.

Shares of CELH stock traded down $0.06 on Friday, hitting $4.51. 177,812 shares of the stock traded hands, compared to its average volume of 404,180. The firm’s 50-day moving average price is $4.17 and its two-hundred day moving average price is $4.03. The stock has a market capitalization of $314.76 million, a PE ratio of -19.61 and a beta of 1.05. Celsius has a twelve month low of $3.06 and a twelve month high of $5.37.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.05. The firm had revenue of $20.42 million for the quarter, compared to analysts’ expectations of $18.29 million. Celsius had a net margin of 15.67% and a negative return on equity of 6.41%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Capital Advisors LLC lifted its position in shares of Celsius by 1.9% during the second quarter. Anchor Capital Advisors LLC now owns 244,269 shares of the company’s stock worth $1,085,000 after purchasing an additional 4,639 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Celsius during the second quarter worth $53,000. GYL Financial Synergies LLC lifted its holdings in shares of Celsius by 39.7% during the second quarter. GYL Financial Synergies LLC now owns 139,744 shares of the company’s stock worth $620,000 after purchasing an additional 39,744 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Celsius by 12.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 62,854 shares of the company’s stock valued at $280,000 after acquiring an additional 7,055 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Celsius by 12.5% in the second quarter. Bank of New York Mellon Corp now owns 66,545 shares of the company’s stock valued at $295,000 after acquiring an additional 7,419 shares during the period. 45.32% of the stock is currently owned by institutional investors.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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