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

Celsius Holdings, Inc. (NASDAQ:CELH) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 33,610,000 shares, a decrease 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 presently 3.4 days. Currently, 14.6% of the company’s stock are short sold.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $31.90 on Thursday. The stock has a 50 day moving average price of $25.94 and a 200 day moving average price of $28.79. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 72.50, a PEG ratio of 2.90 and a beta of 1.90. Celsius has a 52-week low of $21.10 and a 52-week high of $98.85.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CELH shares. Stifel Nicolaus lowered their price target on shares of Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Needham & Company LLC increased their price objective on shares of Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Finally, Roth Mkm restated a “buy” rating and set a $38.00 price target on shares of Celsius in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Insiders Place Their Bets

In other Celsius news, insider Paul H. Storey sold 10,188 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $25.77, for a total value of $262,544.76. Following the sale, the insider now owns 45,297 shares in the company, valued at approximately $1,167,303.69. This represents a 18.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $28.47, for a total transaction of $113,880.00. Following the completion of the sale, the director now owns 19,106 shares in the company, valued at $543,947.82. This represents a 17.31 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

A number of institutional investors have recently modified their holdings of CELH. Louisiana State Employees Retirement System lifted its position in Celsius by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Celsius by 14.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,743 shares of the company’s stock worth $99,000 after purchasing an additional 459 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Celsius by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 77,438 shares of the company’s stock worth $2,040,000 after buying an additional 490 shares during the last quarter. Finally, Apriem Advisors increased its position in Celsius by 3.0% during the 4th quarter. Apriem Advisors now owns 18,149 shares of the company’s stock valued at $478,000 after buying an additional 525 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.