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

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

Analysts Set New Price Targets

Several brokerages recently commented on CELH. Truist Financial upped their target price on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Jefferies Financial Group cut their price target on Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Stifel Nicolaus reduced their price target on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, B. Riley cut their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.40.

Insider Activity at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 3.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Celsius

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Celsius by 3.6% during the third quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares in the last quarter. M&T Bank Corp raised its position in Celsius by 49.3% during the third quarter. M&T Bank Corp now owns 30,765 shares of the company’s stock valued at $965,000 after purchasing an additional 10,159 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Celsius during the third quarter valued at about $301,000. XTX Topco Ltd grew its stake in shares of Celsius by 119.8% during the third quarter. XTX Topco Ltd now owns 21,431 shares of the company’s stock valued at $672,000 after buying an additional 11,681 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Celsius during the third quarter valued at about $2,772,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Celsius Price Performance

NASDAQ:CELH opened at $25.63 on Monday. The company has a market cap of $6.02 billion, a P/E ratio of 35.64, a P/E/G ratio of 2.95 and a beta of 1.86. The stock’s fifty day moving average price is $31.41 and its two-hundred day moving average price is $49.47. Celsius has a 1 year low of $25.50 and a 1 year high of $99.62.

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.