What's Going On With Celsius Holdings Stock?

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.