Short Interest in Celsius Holdings, Inc. (NASDAQ:CELH) Grows By 14.1%

Celsius Holdings, Inc. (NASDAQ:CELH) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 28,730,000 shares, an increase of 14.1% from the October 15th total of 25,170,000 shares. Based on an average daily volume of 7,670,000 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

CELH has been the subject of several research analyst reports. LADENBURG THALM/SH SH reduced their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. Piper Sandler reduced their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, September 24th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a report on Tuesday, August 20th. B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Roth Mkm lowered their target price on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Stock Performance

Shares of Celsius stock traded down $1.27 during midday trading on Friday, reaching $25.66. 10,025,815 shares of the company’s stock traded hands, compared to its average volume of 6,032,417. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.07 and a beta of 1.86. Celsius has a 52 week low of $25.50 and a 52 week high of $99.62. The company’s 50 day simple moving average is $31.41 and its 200 day simple moving average is $49.62.

Insider Activity

In other news, CEO John Fieldly sold 74,847 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 3.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Celsius

Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in shares of Celsius by 12.9% in the first quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after buying an additional 127 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after acquiring an additional 181 shares during the period. Tidal Investments LLC boosted its holdings in Celsius by 4.3% during the first quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares during the period. Arkadios Wealth Advisors grew its position in shares of Celsius by 4.1% in the second quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after purchasing an additional 289 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Celsius by 12.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock worth $147,000 after purchasing an additional 289 shares during the period. Institutional investors own 60.95% of the company’s stock.

About Celsius

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.