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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 31,300 shares, an increase of 120.4% from the September 30th total of 14,200 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 94,300 shares, the days-to-cover ratio is presently 0.3 days.

Coffee Stock Down 1.2 %

JVA stock opened at $3.19 on Monday. The stock has a market capitalization of $18.21 million, a price-to-earnings ratio of 45.57 and a beta of 1.32. Coffee has a 52-week low of $0.67 and a 52-week high of $3.88. The stock’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $2.16.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Coffee in a research note on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC boosted its stake in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the period. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 at the end of the most recent reporting period.

Coffee Company Profile

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.