Celsius Holdings, Inc. CELH shares are trading lower Thursday. The stock appears to be moving on continued downward momentum and has dropped more than 15% over the last five days.
What To Know:
Shares of CELH are down on above-average trading volume. According to data from Benzinga Pro, more than 1.29 million shares have been traded in the session, compared to the stock’s 100-day average of 1.302 million shares.
Roth MKM analyst Sean McGowan maintained Celsius Holdings with a Buy rating and raised the price target from $180 to $220 on Thursday.
Shares of CELH have outsized short-interest with 33.89% of available shares being sold short, according to data from Benzinga Pro.
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CELH Price Action: According to Benzinga Pro, Celsius Holdings shares are down 7% at $168.74 at the time of publication.
Image: Courtesy of Celsius Holdings, Inc.
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