National Beverage Corp. (NASDAQ:FIZZ) Sees Large Drop in Short Interest

National Beverage Corp. (NASDAQ:FIZZGet Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,660,000 shares, a decrease of 6.7% from the December 31st total of 1,780,000 shares. Based on an average trading volume of 167,200 shares, the days-to-cover ratio is presently 9.9 days. Currently, 7.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of National Beverage in a report on Thursday, October 5th. They issued a “hold” rating for the company.

View Our Latest Research Report on National Beverage

National Beverage Trading Down 1.8 %

National Beverage stock opened at $46.24 on Thursday. The firm has a 50 day moving average of $49.17 and a 200 day moving average of $49.11. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 26.27 and a beta of 0.84. National Beverage has a 12-month low of $43.51 and a 12-month high of $55.12.

National Beverage (NASDAQ:FIZZGet Free Report) last released its earnings results on Thursday, December 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $300.07 million during the quarter. National Beverage had a net margin of 13.91% and a return on equity of 41.00%.

Institutional Investors Weigh In On National Beverage

A number of institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new stake in National Beverage during the 4th quarter valued at approximately $582,000. Mutual of America Capital Management LLC purchased a new position in shares of National Beverage in the fourth quarter valued at $203,000. Bleakley Financial Group LLC grew its holdings in shares of National Beverage by 2.1% in the fourth quarter. Bleakley Financial Group LLC now owns 12,991 shares of the company’s stock valued at $646,000 after purchasing an additional 262 shares in the last quarter. Denali Advisors LLC grew its holdings in shares of National Beverage by 23.0% in the fourth quarter. Denali Advisors LLC now owns 84,600 shares of the company’s stock valued at $4,206,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Values First Advisors Inc. grew its holdings in shares of National Beverage by 1.5% in the fourth quarter. Values First Advisors Inc. now owns 35,589 shares of the company’s stock valued at $1,769,000 after purchasing an additional 537 shares in the last quarter. 23.09% of the stock is owned by hedge funds and other institutional investors.

About National Beverage

(Get Free Report)

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.

Further Reading

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