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

Celsius Holdings, Inc. (NASDAQ:CELH) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 29,910,000 shares, an increase of 6.6% from the December 31st total of 28,060,000 shares. Based on an average daily volume of 8,950,000 shares, the days-to-cover ratio is currently 3.3 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CELH. Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Tuesday, January 28th. Roth Mkm decreased their price target on shares of Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Piper Sandler dropped their price objective on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, TD Cowen downgraded shares of Celsius from a “buy” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Celsius Stock Performance

Shares of Celsius stock traded down $0.60 during midday trading on Tuesday, hitting $23.17. 4,587,974 shares of the company traded hands, compared to its average volume of 6,714,976. The firm’s fifty day moving average price is $27.76 and its 200-day moving average price is $32.57. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 2.77 and a beta of 1.78. Celsius has a 12 month low of $23.05 and a 12 month high of $99.62.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the sale, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Celsius by 12.7% in the 2nd 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 in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Celsius by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after buying an additional 337 shares during the period. Signaturefd LLC boosted its position in Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Celsius by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 43,700 shares of the company’s stock valued at $1,151,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Celsius by 32.8% during the fourth quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock worth $47,000 after purchasing an additional 441 shares during the period. Institutional investors own 60.95% of the company’s stock.

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.