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

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 29,910,000 shares, an increase of 6.6% from the December 15th total of 28,060,000 shares. Based on an average daily volume of 8,950,000 shares, the short-interest ratio is currently 3.3 days.

Insider Buying and Selling at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Celsius

Institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Celsius by 85.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 58,178 shares of the company’s stock worth $1,532,000 after acquiring an additional 26,801 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Celsius by 10,320.0% in the 4th quarter. SG Americas Securities LLC now owns 1,932,813 shares of the company’s stock valued at $50,910,000 after purchasing an additional 1,914,264 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Celsius by 5.8% during the 4th quarter. Diversify Wealth Management LLC now owns 52,231 shares of the company’s stock valued at $1,398,000 after buying an additional 2,850 shares during the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Celsius during the fourth quarter worth approximately $1,165,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Celsius by 6.8% in the fourth quarter. Arkadios Wealth Advisors now owns 9,733 shares of the company’s stock worth $256,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Celsius Stock Down 1.3 %

CELH opened at $27.23 on Tuesday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.79 and a beta of 1.79. The firm’s 50 day moving average is $28.09 and its 200-day moving average is $34.48. Celsius has a 52-week low of $25.23 and a 52-week high of $99.62.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. B. Riley reduced their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Piper Sandler cut their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Morgan Stanley restated an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $49.94.

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.