Celsius Holdings, Inc. (NASDAQ:CELH) Sees Significant Growth in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 37,190,000 shares, a growth of 18.4% from the January 15th total of 31,420,000 shares. Based on an average daily trading volume, of 8,000,000 shares, the short-interest ratio is presently 4.6 days.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Celsius

Hedge funds have recently modified their holdings of the stock. HM Payson & Co. lifted its holdings in shares of Celsius by 122.2% during the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 550 shares during the period. Signaturefd LLC raised its position in Celsius by 48.3% in the third quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after acquiring an additional 378 shares in the last quarter. Activest Wealth Management purchased a new position in Celsius in the third quarter worth $39,000. Blue Trust Inc. raised its position in Celsius by 69.0% in the third quarter. Blue Trust Inc. now owns 1,345 shares of the company's stock worth $42,000 after acquiring an additional 549 shares in the last quarter. Finally, S.A. Mason LLC raised its position in Celsius by 100.0% in the fourth quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after acquiring an additional 700 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Celsius Stock Up 14.7 %

Shares of NASDAQ CELH traded up $3.35 during mid-day trading on Wednesday, hitting $26.09. 25,144,850 shares of the company were exchanged, compared to its average volume of 7,887,737. The stock has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $30.47. Celsius has a 1-year low of $21.10 and a 1-year high of $99.62. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.52 and a beta of 1.78.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an "overweight" rating and a $37.00 target price on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. Needham & Company LLC reiterated a "buy" rating and issued a $38.00 price target on shares of Celsius in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research note on Thursday, December 12th. They issued a "hold" rating and a $32.00 price target on the stock. Finally, Piper Sandler dropped their price target on shares of Celsius from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Celsius has a consensus rating of "Moderate Buy" and an average price target of $47.56.

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.