Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 15.6% in December

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 57,908 shares, a decline of 15.6% from the November 30th total of 68,582 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 52,899 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 52,899 shares, the short-interest ratio is presently 1.1 days. Approximately 1.3% of the company’s shares are sold short.

Reborn Coffee Trading Up 3.0%

Shares of NASDAQ REBN opened at $1.49 on Friday. Reborn Coffee has a one year low of $1.20 and a one year high of $8.30. The business has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $2.29. The firm has a market capitalization of $8.91 million, a PE ratio of -0.58 and a beta of 2.14.

Reborn Coffee (NASDAQ:REBN) last posted its quarterly earnings results on Wednesday, November 19th. The company reported ($0.68) earnings per share (EPS) for the quarter. The company had revenue of $2.71 million during the quarter. Reborn Coffee had a negative return on equity of 995.56% and a negative net margin of 191.48%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reborn Coffee in a report on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reborn Coffee currently has an average rating of “Sell”.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd acquired a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned approximately 0.21% of Reborn Coffee at the end of the most recent quarter. Institutional investors and hedge funds own 1.76% of the company’s stock.

Reborn Coffee Company Profile

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.