Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) Sees Significant Decrease in Short Interest

Splash Beverage Group, Inc. (NYSEAMERICAN:SBEV) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 1,310,000 shares, a drop of 38.5% from the January 31st total of 2,130,000 shares. Based on an average trading volume of 2,590,000 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.4% of the company’s stock are short sold.

Splash Beverage Group Trading Up 6.0 %

Shares of NYSEAMERICAN:SBEV traded up $0.01 during midday trading on Friday, hitting $0.16. The stock had a trading volume of 3,109,896 shares, compared to its average volume of 4,120,890. Splash Beverage Group has a 12 month low of $0.14 and a 12 month high of $0.73. The stock has a market capitalization of $9.87 million, a PE ratio of -0.37 and a beta of -1.07.

Analyst Ratings Changes

Separately, HC Wainwright decreased their target price on shares of Splash Beverage Group from $1.00 to $0.50 and set a “buy” rating for the company in a research note on Friday, November 29th.

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.