Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Significant Growth in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 12,894 shares, an increase of 28.3% from the January 15th total of 10,053 shares. Based on an average daily trading volume, of 64,222 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,222 shares, the short-interest ratio is currently 0.2 days.

Coffee Trading Down 1.9%

Shares of JVA opened at $3.07 on Wednesday. Coffee has a 1-year low of $2.75 and a 1-year high of $9.93. The firm’s 50-day moving average price is $3.58 and its 200-day moving average price is $3.97. The firm has a market capitalization of $17.53 million, a price-to-earnings ratio of 12.28 and a beta of 1.63.

Coffee (NASDAQ:JVA) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $27.75 million for the quarter. Coffee had a return on equity of 5.11% and a net margin of 1.45%.

Coffee Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, February 10th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 10th. Coffee’s dividend payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Coffee from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Coffee

Several large investors have recently added to or reduced their stakes in the company. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in shares of Coffee during the second quarter valued at approximately $43,000. Virtu Financial LLC bought a new stake in Coffee in the third quarter worth about $53,000. Jump Financial LLC bought a new stake in Coffee during the 2nd quarter valued at about $58,000. Acadian Asset Management LLC bought a new stake in Coffee during the 1st quarter valued at $73,000. Finally, XTX Topco Ltd bought a new stake in shares of Coffee in the 2nd quarter valued at about $77,000.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.