New Age Beverages (NBEV) Reaches $2.88 After 5.00% Down Move; Canterbury Park Holding NE (CPHC) Sellers Increased By 44% Their Shorts

January 14, 2018 - By Ellis Scott

The stock of New Age Beverages Corporation (NASDAQ:NBEV) is a huge mover today! The stock decreased 9.15% or $0.29 during the last trading session, reaching $2.88. About 1.46 million shares traded or 231.15% up from the average. New Age Beverages Corporation (NASDAQ:NBEV) has risen 1082.22% since January 14, 2017 and is uptrending. It has outperformed by 1065.52% the S&P500.The move comes after 6 months negative chart setup for the $99.69 million company. It was reported on Jan, 14 by Barchart.com. We have $2.74 PT which if reached, will make NASDAQ:NBEV worth $4.98 million less.

Canterbury Park Holding Corporation NE (NASDAQ:CPHC) had an increase of 44% in short interest. CPHC’s SI was 3,600 shares in January as released by FINRA. Its up 44% from 2,500 shares previously. With 2,300 avg volume, 2 days are for Canterbury Park Holding Corporation NE (NASDAQ:CPHC)’s short sellers to cover CPHC’s short positions. The SI to Canterbury Park Holding Corporation NE’s float is 0.16%. The stock decreased 1.40% or $0.223 during the last trading session, reaching $15.752. About 427 shares traded. Canterbury Park Holding Corporation (NASDAQ:CPHC) has risen 9.54% since January 14, 2017 and is uptrending. It has underperformed by 7.16% the S&P500.

Analysts await New Age Beverages Corporation (NASDAQ:NBEV) to report earnings on April, 2. NBEV’s profit will be $346,153 for 72.00 P/E if the $0.01 EPS becomes a reality. After $-0.02 actual earnings per share reported by New Age Beverages Corporation for the previous quarter, Wall Street now forecasts -150.00% EPS growth.

New Age Beverages Corporation, a healthy functional beverage company, engages in the development, marketing, sales, and distribution of beverages. The company has market cap of $99.69 million. It offers ready to drink tea, kombucha, energy drinks, and functional waters under XingTea, XingEnergy, Aspen Pure, and Bucha Live Kombucha brand names. It currently has negative earnings. The firm offers its products directly, as well as through store delivery distribution systems in the United States and internationally.

Canterbury Park Holding Corporation hosts pari-mutuel wagering on horse races and unbanked card games at its Canterbury park racetrack and card casino facility in Shakopee, Minnesota. The company has market cap of $69.47 million. It operates through three divisions: Horse Racing, Card Casino, and Food and Beverage. It has a 24.2 P/E ratio. The Horse Racing segment operates a year-round simulcasting of horse races and wagering on live thoroughbred; and quarter horse races on a seasonal basis.

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