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

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 28,390,000 shares, a decrease of 15.5% from the February 28th total of 33,610,000 shares. Based on an average daily volume of 10,000,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 12.4% of the company’s shares are sold short.

Celsius Trading Up 4.8 %

NASDAQ:CELH traded up $1.72 during mid-day trading on Wednesday, hitting $37.45. The stock had a trading volume of 3,711,640 shares, compared to its average volume of 10,100,763. Celsius has a twelve month low of $21.10 and a twelve month high of $98.85. The stock has a 50-day simple moving average of $27.21 and a two-hundred day simple moving average of $28.80. The company has a market capitalization of $8.81 billion, a PE ratio of 85.12, a PEG ratio of 2.90 and a beta of 1.57.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $332.20 million for the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. Sell-side analysts predict that Celsius will post 0.89 EPS for the current fiscal year.

Insider Activity at Celsius

In other Celsius news, Director Joyce Russell sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at $543,947.82. The trade was a 17.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Trading of Celsius

A number of institutional investors have recently bought and sold shares of CELH. HM Payson & Co. raised its position in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after acquiring an additional 550 shares in the last quarter. S.A. Mason LLC raised its holdings in Celsius by 100.0% during the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Celsius by 255.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock worth $45,000 after buying an additional 1,114 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Celsius by 32.8% in the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after buying an additional 441 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group lowered their price target on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Roth Mkm reaffirmed a “buy” rating and set a $38.00 target price on shares of Celsius in a research note on Friday, February 21st. Jefferies Financial Group reduced their price target on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $45.00 in a research report on Monday. Finally, LADENBURG THALM/SH SH dropped their target price on shares of Celsius from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

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.