Celsius Stock Hits 52-Week Highs After Pepsi Increases Stake

Group 1 - Celsius Holdings Inc (NASDAQ:CELH) stock is trading at 52-week highs following PepsiCo's $585 million stake increase in the company [1] - CELH stock has risen 140% since the beginning of the year, with a notable post-earnings bull gap of 17.3% on August 7 [1] - The stock is on track for its fourth consecutive weekly gain, with a current trading price of $62.72, peaking at $63.49 earlier [1] Group 2 - Options trading activity has surged, with 23,000 CELH calls exchanged, which is double the average volume, compared to 7,426 puts [2] - The most popular option is the weekly 8/29 64-strike call, with new positions being opened [2] - CELH's Schaeffer's Volatility Index (SVI) is at 42%, indicating low volatility expectations among options traders [2] Group 3 - There is significant short covering potential for CELH, with short interest representing 12.5% of the stock's available float, equating to three days' worth of buying power [3]