Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

by · The Markets Daily

Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 2,100 shares, a drop of 86.5% from the November 15th total of 15,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 127,100 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Coffee in a report on Wednesday, December 4th. They issued a “buy” rating for the company.

Check Out Our Latest Stock Report on Coffee

Institutional Trading of Coffee

Several hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its stake in shares of Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after purchasing an additional 8,900 shares during the period. XTX Topco Ltd bought a new stake in shares of Coffee during the third quarter valued at about $34,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Coffee in the third quarter worth about $32,000.

Coffee Stock Performance

JVA stock traded up $0.26 during mid-day trading on Wednesday, hitting $4.11. The company had a trading volume of 114,549 shares, compared to its average volume of 71,652. The firm has a market cap of $23.47 million, a PE ratio of 20.55 and a beta of 1.40. Coffee has a 12 month low of $0.78 and a 12 month high of $4.59. The stock’s fifty day moving average price is $3.35 and its two-hundred day moving average price is $2.59.

Coffee (NASDAQ:JVA – Get Free Report) last issued its quarterly earnings results on Friday, September 13th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $18.81 million during the quarter. Coffee had a net margin of 1.48% and a return on equity of 4.66%.

Coffee Company Profile

(Get Free Report)

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.

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