Celsius Holdings, Inc. (NASDAQ:CELH) Sees Large Drop in Short Interest

Celsius Holdings, Inc. (NASDAQ:CELH - Get Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 33,610,000 shares, a decrease of 14.1% from the February 13th total of 39,140,000 shares. Based on an average daily trading volume, of 9,890,000 shares, the short-interest ratio is presently 3.4 days. Currently, 14.6% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

CELH has been the topic of several recent analyst reports. B. Riley reiterated a "buy" rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a report on Friday, February 21st. UBS Group decreased their target price on Celsius from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. TD Cowen cut shares of Celsius from a "buy" rating to a "hold" rating and cut their price target for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on shares of Celsius from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

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Insider Activity at Celsius

In related news, Director Joyce Russell sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total transaction of $113,880.00. Following the transaction, the director now directly owns 19,106 shares in the company, valued at approximately $543,947.82. This represents a 17.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares of the company's stock, valued at approximately $1,167,303.69. The trade was 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 Investors Weigh In On Celsius

A number of hedge funds and other institutional investors have recently bought and sold shares of CELH. HM Payson & Co. increased its position 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 in the last quarter. S.A. Mason LLC grew its stake in Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company's stock worth $37,000 after buying an additional 700 shares during the last quarter. Activest Wealth Management acquired a new position in Celsius during the 3rd quarter valued at about $39,000. GAMMA Investing LLC raised its stake in Celsius by 185.7% in the fourth quarter. GAMMA Investing LLC now owns 1,714 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company's stock worth $47,000 after acquiring an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

Celsius Trading Up 5.4 %

Shares of CELH traded up $1.68 during trading hours on Friday, hitting $32.93. The company had a trading volume of 10,121,473 shares, compared to its average volume of 7,318,578. The company has a market capitalization of $7.74 billion, a PE ratio of 74.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius has a one year low of $21.10 and a one year high of $98.85. The company's fifty day moving average price is $26.11 and its two-hundred day moving average price is $28.72.

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

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.