National Beverage Corp. (NASDAQ:FIZZ – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 1,800,000 shares, a decrease of 6.3% from the May 15th total of 1,920,000 shares. Based on an average daily trading volume, of 130,000 shares, the days-to-cover ratio is presently 13.8 days. Approximately 8.3% of the company’s stock are short sold.
National Beverage Stock Down 0.4 %
FIZZ stock opened at $49.17 on Wednesday. The firm has a market cap of $4.60 billion, a PE ratio of 27.17 and a beta of 0.79. The business has a 50 day moving average of $46.33 and a 200-day moving average of $48.13. National Beverage has a 12-month low of $43.14 and a 12-month high of $55.12.
National Beverage Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th will be paid a $3.25 dividend. The ex-dividend date is Monday, June 24th. This is an increase from National Beverage’s previous dividend of $3.00.
Insider Activity at National Beverage
Institutional Investors Weigh In On National Beverage
Several large investors have recently made changes to their positions in FIZZ. Headlands Technologies LLC purchased a new stake in shares of National Beverage during the 4th quarter worth approximately $30,000. GAMMA Investing LLC purchased a new stake in National Beverage in the fourth quarter worth $34,000. Covestor Ltd increased its position in National Beverage by 12.9% in the third quarter. Covestor Ltd now owns 2,621 shares of the company’s stock worth $123,000 after buying an additional 299 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of National Beverage in the fourth quarter valued at $175,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of National Beverage during the 4th quarter valued at $203,000. 23.95% of the stock is owned by hedge funds and other institutional investors.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.
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