Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 28,300 shares, a decrease of 11.8% from the December 15th total of 32,100 shares. Based on an average daily volume of 108,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Coffee during the 3rd quarter valued at about $32,000. Finally, XTX Topco Ltd bought a new stake in Coffee during the third quarter worth about $34,000.

Coffee Stock Down 2.7 %

Shares of JVA stock opened at $3.66 on Friday. The stock has a fifty day moving average of $3.71 and a 200 day moving average of $3.01. Coffee has a 52 week low of $1.01 and a 52 week high of $4.66.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Coffee from a “buy” rating to a “hold” rating in a research report on Thursday.

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.