Short Interest in Celsius Holdings, Inc. (NASDAQ:CELH) Declines By 15.5%

by · The Markets Daily

Celsius Holdings, Inc. (NASDAQ:CELH – Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 28,390,000 shares, a decline of 15.5% from the February 28th total of 33,610,000 shares. Based on an average trading volume of 10,000,000 shares, the short-interest ratio is presently 2.8 days. Currently, 12.4% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Piper Sandler cut 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. Truist Financial raised shares of Celsius from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $45.00 in a report on Monday. Roth Mkm reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a research report on Friday, February 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $49.00 price target (up previously from $44.00) on shares of Celsius in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Celsius has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Get Our Latest Stock Analysis on CELH

Celsius Stock Performance

Shares of CELH traded up $1.72 during mid-day trading on Wednesday, hitting $37.45. 3,711,640 shares of the company were exchanged, compared to its average volume of 10,100,763. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 85.12, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57. Celsius has a 1-year low of $21.10 and a 1-year high of $98.85. The company has a 50 day moving average of $27.21 and a 200-day moving average of $28.80.

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

Insider Transactions at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were 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 approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul H. Storey sold 10,188 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $25.77, for a total transaction of $262,544.76. Following the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. The trade was a 18.36 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. lifted its stake in shares of Celsius by 122.2% in the fourth quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 550 shares in the last quarter. S.A. Mason LLC lifted its stake in Celsius by 100.0% in the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock worth $37,000 after purchasing an additional 700 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celsius by 255.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,044 shares of the company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 1,114 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Celsius by 32.8% in the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Company Profile

(Get Free Report)

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.

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