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

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large 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. Currently, 12.4% of the company’s stock are short sold. Based on an average daily volume of 10,000,000 shares, the short-interest ratio is presently 2.8 days.

Insider Buying and Selling at Celsius

In other news, insider Paul H. Storey sold 10,188 shares of the company’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 transaction, the insider now directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of CELH. American Assets Investment Management LLC purchased a new stake in shares of Celsius during the 4th quarter worth $1,054,000. Heck Capital Advisors LLC acquired a new stake in shares of Celsius in the fourth quarter valued at about $219,000. GF Fund Management CO. LTD. purchased a new stake in Celsius during the fourth quarter worth about $4,855,000. Sunbelt Securities Inc. grew its position in Celsius by 23.4% during the fourth quarter. Sunbelt Securities Inc. now owns 4,559 shares of the company’s stock worth $118,000 after buying an additional 864 shares during the period. Finally, Woodline Partners LP purchased a new position in Celsius in the fourth quarter valued at about $1,684,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Celsius Price Performance

NASDAQ:CELH opened at $35.62 on Tuesday. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 80.96, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius has a 1-year low of $21.10 and a 1-year high of $98.85. The firm’s fifty day moving average price is $27.03 and its 200 day moving average price is $28.79.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating 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 firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. As a group, analysts expect that Celsius will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CELH shares. Roth Mkm reissued a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Friday, February 21st. Morgan Stanley reiterated an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Truist Financial raised Celsius from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $45.00 in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.