Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Up 38.5% in April

Coffee Holding Co., Inc. (NASDAQ:JVAGet Rating) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 9,000 shares, an increase of 38.5% from the March 31st total of 6,500 shares. Based on an average daily trading volume, of 28,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new position in shares of Coffee in the fourth quarter worth about $46,000. Citadel Advisors LLC bought a new position in shares of Coffee in the third quarter worth about $47,000. Fosun International Ltd lifted its holdings in shares of Coffee by 9.2% in the fourth quarter. Fosun International Ltd now owns 118,468 shares of the company’s stock worth $513,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Coffee by 0.7% in the third quarter. Renaissance Technologies LLC now owns 459,744 shares of the company’s stock worth $2,092,000 after acquiring an additional 3,000 shares during the last quarter. 25.55% of the stock is owned by institutional investors and hedge funds.

Shares of Coffee stock traded down $0.01 during trading on Friday, reaching $3.02. The company’s stock had a trading volume of 7,819 shares, compared to its average volume of 20,081. The business’s 50-day moving average price is $3.55 and its 200-day moving average price is $4.13. The firm has a market cap of $17.24 million, a PE ratio of 20.13 and a beta of 1.19. Coffee has a 52 week low of $2.96 and a 52 week high of $6.28.

Coffee (NASDAQ:JVAGet Rating) last announced its earnings results on Thursday, March 17th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $16.71 million during the quarter. Coffee had a net margin of 1.37% and a return on equity of 2.93%.

The company also recently disclosed a dividend, which was paid on Monday, February 21st. Investors of record on Thursday, February 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 9th. This represents a yield of 1.59%.

Separately, assumed coverage on shares of Coffee in a report on Wednesday. They issued a “hold” rating on the stock.

About Coffee (Get Rating)

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.

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