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

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) was the recipient of a significant decrease in short interest during 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 short-interest ratio is presently 2.8 days. Currently, 12.4% of the company's stock are sold short.

Analysts Set New Price Targets

CELH has been the topic of several research analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research note on Thursday, December 26th. UBS Group cut 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 reiterated a "buy" rating and issued a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Celsius from $45.00 to $37.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $45.00.

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Celsius Stock Down 1.3 %

Shares of NASDAQ:CELH traded down $0.46 during trading on Friday, reaching $35.54. 11,079,257 shares of the company traded hands, compared to its average volume of 7,603,838. Celsius has a 52 week low of $21.10 and a 52 week high of $98.85. The firm has a market capitalization of $8.36 billion, a PE ratio of 80.77, a PEG ratio of 2.90 and a beta of 1.57. The company's 50 day moving average is $27.85 and its two-hundred day moving average is $28.88.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. As a group, research analysts anticipate that Celsius will post 0.89 EPS for the current year.

Insider Activity at Celsius

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

Institutional Investors Weigh In On Celsius

Several institutional investors and hedge funds have recently added to or reduced their stakes in CELH. Charles Schwab Investment Management Inc. boosted its stake in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company's stock valued at $43,317,000 after buying an additional 221,833 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Celsius by 85.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company's stock valued at $1,532,000 after purchasing an additional 26,801 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of Celsius during the 3rd quarter valued at approximately $2,772,000. Diversified Trust Co acquired a new position in Celsius during the 4th quarter worth approximately $869,000. Finally, Bennett Selby Investments LP lifted its stake in Celsius by 392.6% in the 4th quarter. Bennett Selby Investments LP now owns 51,645 shares of the company's stock valued at $1,360,000 after purchasing an additional 41,161 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Company Profile

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.