Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Decreases By 36.0%

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 7,100 shares, a decline of 36.0% from the February 29th total of 11,100 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Coffee in a research note on Saturday, March 23rd. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Coffee

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP purchased a new stake in shares of Coffee in the 1st quarter worth about $27,000. Citadel Advisors LLC raised its stake in 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 last quarter. Millennium Management LLC acquired a new position in Coffee in the 4th quarter valued at about $43,000. Ancora Advisors LLC raised its stake in Coffee by 9.4% in the 1st quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock valued at $344,000 after purchasing an additional 15,829 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in 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 last quarter.

Coffee Stock Performance

JVA traded up $0.04 during trading on Friday, hitting $1.58. The stock had a trading volume of 82,202 shares, compared to its average volume of 31,425. The company’s 50-day moving average price is $1.25 and its 200 day moving average price is $0.99. Coffee has a twelve month low of $0.67 and a twelve month high of $2.23.

Coffee (NASDAQ:JVA) last issued its earnings results on Friday, February 9th. The company reported $0.03 EPS for the quarter. The company had revenue of $18.76 million for the quarter. Coffee had a net margin of 0.07% and a return on equity of 0.20%.

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.