Checking in with 2 Energy Drink Stocks
Monster(MNST) Schaeffers Investment Research·2024-09-18 18:30
The competition between beverage names is a hot topic, and Jefferies chimed in today stating Red Bull's new flavors are "gaining shares" from Celsius Holdings Inc (NASDAQ:CELH) and Monster Beverage Corp (NASDAQ:MNST). It's also worth noting that shorts have been building their positions on both, and short interest represents a large 16% of Celsius stock's available float, and 4% of Monster stock's. Celsius stock is underperforming on the charts, hitting a Sept. 6, 52-week low of $31.55. CELH's 20-day moving ...