Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Down 7.5% in July

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 19,270,000 shares, a drop of 7.5% from the July 15th total of 20,840,000 shares. Based on an average daily volume of 5,880,000 shares, the days-to-cover ratio is presently 3.3 days.

Celsius Price Performance

CELH opened at $40.35 on Wednesday. The business has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $68.63. The company has a market capitalization of $9.40 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. Celsius has a 1 year low of $36.17 and a 1 year high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.05. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. Equities analysts anticipate that Celsius will post 1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CELH shares. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday. BNP Paribas began coverage on Celsius in a research note on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target for the company. Wedbush reduced their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research note on Wednesday, June 12th. Stifel Nicolaus reiterated a “buy” rating and set a $65.00 target price on shares of Celsius in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group reduced their target price on Celsius from $98.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $64.79.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Celsius by 18.7% during the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after buying an additional 2,567,290 shares in the last quarter. Capital International Investors raised its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after buying an additional 2,754,722 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Celsius by 212.2% during the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock worth $161,312,000 after buying an additional 1,934,400 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.