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

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant growth in short interest during 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 daily trading volume, of 5,890,000 shares, the days-to-cover ratio is presently 4.0 days.

Insider Buying and Selling 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 transaction of $2,454,981.60. Following the completion of the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Celsius

A number of large investors have recently bought and sold shares of CELH. Vanguard Group Inc. increased its holdings in shares of Celsius by 18.7% in the 1st quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock valued at $1,352,737,000 after acquiring an additional 2,567,290 shares during the period. Capital International Investors grew its position in shares of Celsius by 50.6% in the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after buying an additional 1,333,217 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Wellington Management Group LLP lifted its position in Celsius by 212.2% during the fourth quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock valued at $185,018,000 after acquiring an additional 2,306,598 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Celsius by 36.7% in the second quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

Shares of NASDAQ:CELH traded down $0.57 during trading on Tuesday, hitting $30.79. 1,937,413 shares of the company’s stock were exchanged, compared to its average volume of 5,315,381. The business’s 50-day simple moving average is $38.10 and its 200 day simple moving average is $61.12. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.45 and a beta of 1.85. Celsius has a 52-week low of $30.58 and a 52-week high of $99.62.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CELH. BNP Paribas began coverage on shares of Celsius in a report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price objective for the company. Truist Financial reduced their price objective on Celsius from $45.00 to $30.00 and set a “hold” rating for the company in a report on Friday, September 6th. Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. B. Riley reduced their price target on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Bank of America lowered their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve 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 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.