What's Going On With Celsius Holdings Stock?
Portfolio Pulse from Erica Kollmann
Celsius Holdings, Inc. (NASDAQ:CELH) stock is trading lower, with a nearly 15% drop over the last five days. The decline continues on high trading volume, exceeding the 100-day average. Jefferies analyst Kaumil Gajrawala initiated coverage with a Buy rating and a $217 price target. The company is scheduled to present at several investor conferences. Short interest in CELH is high, with 34.59% of shares sold short. The stock price is currently down more than 7% at $150.40.
November 14, 2023 | 6:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Celsius Holdings is experiencing a significant stock price drop with high trading volume and substantial short interest. Despite this, Jefferies has initiated coverage with a Buy rating and a $217 price target.
The short-term impact on CELH is likely negative due to the current downward momentum and high short interest, which could indicate bearish sentiment. However, the Buy rating and high price target from Jefferies could provide some positive sentiment, potentially mitigating the extent of the negative impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100