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

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 323,700 shares, a drop of 21.4% from the August 15th total of 411,900 shares. Based on an average trading volume of 289,700 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on SBEV. Roth Capital reiterated a “buy” rating on shares of Splash Beverage Group in a research report on Tuesday, June 27th. HC Wainwright reissued a “buy” rating and issued a $2.50 price objective on shares of Splash Beverage Group in a research note on Wednesday, August 16th.

Splash Beverage Group Trading Down 2.5 %

Shares of NYSEAMERICAN SBEV traded down $0.02 during midday trading on Monday, hitting $0.77. The company’s stock had a trading volume of 33,533 shares, compared to its average volume of 221,679. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.40. Splash Beverage Group has a 1 year low of $0.54 and a 1 year high of $2.19.

Splash Beverage Group (NYSEAMERICAN:SBEV) last posted its quarterly earnings data on Monday, August 14th. The company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). Splash Beverage Group had a negative net margin of 100.74% and a negative return on equity of 262.84%. The business had revenue of $5.20 million during the quarter, compared to analyst estimates of $6.80 million. As a group, equities analysts forecast that Splash Beverage Group will post -0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. purchased a new position in Splash Beverage Group in the first quarter worth approximately $33,000. Bank of New York Mellon Corp purchased a new position in Splash Beverage Group in the first quarter worth approximately $33,000. FNY Investment Advisers LLC purchased a new position in Splash Beverage Group in the second quarter worth approximately $36,000. Two Sigma Securities LLC purchased a new position in Splash Beverage Group in the second quarter worth approximately $40,000. Finally, Renaissance Technologies LLC purchased a new position in Splash Beverage Group in the second quarter worth approximately $54,000. Hedge funds and other institutional investors own 6.12% of the company’s stock.

About Splash Beverage Group

Splash Beverage Group, Inc engages in the manufacturing, distribution, marketing, and sale of various beverages in the United States. 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.