Shares of Celsius Holdings (CELH) slipped more than 5% on Wednesday after brokerage firm TD Cowen downgraded its stock to ‘hold’ from ‘buy,’ dampening retail sentiment. TD Cowen also cut its price target to $29 from $40,

Shares of Celsius Holdings ( CELH) were down 1.7% in premarket action on Wednesday to $26.32. The 52-week high for the stock is $99.62. Short interest on CELH stands at 12.7% of the total float. The Seeking Alpha Quant Rating on CELH has been flashing Strong Sell or Sell since June 27 of last year.