Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Update

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 23,350,000 shares, a growth of 5.8% from the August 31st total of 22,060,000 shares. Based on an average trading volume of 5,890,000 shares, the short-interest ratio is presently 4.0 days.

Insider Activity at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Institutional investors have recently bought and sold shares of the business. Covestor Ltd raised its holdings in Celsius by 12.9% during the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after acquiring an additional 127 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Celsius by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares in the last quarter. Tidal Investments LLC boosted its stake in Celsius by 4.3% during the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Celsius by 62.5% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock worth $57,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Performance

Shares of CELH stock traded down $1.17 during midday trading on Monday, reaching $31.36. 8,287,202 shares of the company were exchanged, compared to its average volume of 5,333,266. The company’s 50 day moving average price is $38.43 and its two-hundred day moving average price is $61.56. The company has a market cap of $7.31 billion, a P/E ratio of 35.51, a PEG ratio of 2.45 and a beta of 1.85. Celsius has a 12 month low of $30.86 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm’s revenue was up 23.4% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. As a group, sell-side analysts predict that Celsius will post 0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on CELH shares. BNP Paribas assumed coverage on shares of Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 target price on the stock. Truist Financial lowered their target price on shares of Celsius from $45.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. TD Cowen reduced their price target on Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Wedbush dropped their target price on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Wednesday, June 12th. Finally, Roth Mkm dropped their price target on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.29.

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.