Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 9.9% in March

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 6,400 shares, a decrease of 9.9% from the March 15th total of 7,100 shares. Based on an average daily trading volume, of 33,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Coffee Trading Up 15.5 %

Shares of NASDAQ JVA opened at $1.79 on Tuesday. Coffee has a 12-month low of $0.67 and a 12-month high of $2.09. The firm’s 50-day simple moving average is $1.35 and its 200 day simple moving average is $1.04.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.06 EPS for the quarter. The company had revenue of $19.54 million during the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%.

Analyst Ratings Changes

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

Institutional Trading of Coffee

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC grew its position in shares of Coffee by 186.4% in the 1st quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock valued at $1,725,000 after purchasing an additional 227,147 shares during the period. Renaissance Technologies LLC grew its position in shares of Coffee by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock valued at $951,000 after purchasing an additional 8,120 shares during the period. Millennium Management LLC acquired a new position in shares of Coffee in the 4th quarter valued at approximately $43,000. Susquehanna International Group LLP acquired a new position in shares of Coffee in the 1st quarter valued at approximately $27,000. Finally, Citadel Advisors LLC grew its position in shares of Coffee by 50.2% in the 2nd quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock valued at $32,000 after purchasing an additional 7,699 shares during the period.

About Coffee

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.