Celsius Holdings, Inc. (NASDAQ:CELH) Short Interest Up 6.6% in January

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

Insider Activity at Celsius

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

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently bought and sold shares of the stock. 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 worth $50,910,000 after acquiring an additional 1,914,264 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in Celsius by 993.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,180,904 shares of the company’s stock worth $37,033,000 after purchasing an additional 1,072,859 shares in the last quarter. MIG Capital LLC purchased a new stake in shares of Celsius during the third quarter valued at about $30,358,000. Peregrine Capital Management LLC bought a new position in shares of Celsius during the 4th quarter worth approximately $6,439,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock worth $43,317,000 after acquiring an additional 221,833 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. B. Riley cut their price objective on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. TD Cowen cut Celsius from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $38.00 price target on shares of Celsius in a research note on Tuesday, January 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $42.00 target price on shares of Celsius in a report on Thursday, December 26th. Finally, Truist Financial lifted their price target on Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.00.

Celsius Price Performance

Shares of NASDAQ:CELH traded down $0.60 during trading hours on Tuesday, hitting $23.16. The company’s stock had a trading volume of 3,398,709 shares, compared to its average volume of 6,655,111. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 32.17, a P/E/G ratio of 2.77 and a beta of 1.78. The firm’s fifty day moving average price is $27.76 and its 200 day moving average price is $32.57. Celsius has a 52 week low of $23.13 and a 52 week high of $99.62.

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.