Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Down 14.1% in February

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 33,610,000 shares, a drop of 14.1% from the February 13th total of 39,140,000 shares. Based on an average daily volume of 9,890,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 14.6% of the company’s shares are sold short.

Insider Buying and Selling at Celsius

In other news, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the transaction, the director now owns 19,106 shares of the company’s stock, valued at approximately $543,947.82. This trade represents a 17.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC lifted its stake in shares of Celsius by 671.1% in the 3rd quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock worth $684,000 after acquiring an additional 18,985 shares during the period. Savoir Faire Capital Management L.P. lifted its stake in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Celsius in the 3rd quarter worth approximately $3,795,000. Moran Wealth Management LLC lifted its stake in shares of Celsius by 68.0% in the 3rd quarter. Moran Wealth Management LLC now owns 10,752 shares of the company’s stock worth $337,000 after acquiring an additional 4,353 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Celsius by 4.7% in the 3rd quarter. King Luther Capital Management Corp now owns 60,927 shares of the company’s stock worth $1,911,000 after acquiring an additional 2,720 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CELH. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research note on Thursday, December 26th. UBS Group dropped their price target on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a research note on Thursday, December 12th. They set a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Celsius Stock Performance

NASDAQ CELH opened at $31.25 on Friday. Celsius has a one year low of $21.10 and a one year high of $98.85. The company has a 50-day simple moving average of $25.98 and a 200-day simple moving average of $28.81. The firm has a market capitalization of $7.35 billion, a PE ratio of 71.02, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90.

Celsius (NASDAQ:CELH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Celsius had a net margin of 10.70% and a return on equity of 51.89%. The business had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Equities analysts forecast that Celsius will post 0.89 earnings per share for the current year.

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.