Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 20.3% in February

Reborn Coffee, Inc. (NASDAQ:REBN) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 323,300 shares, a decline of 20.3% from the February 13th total of 405,700 shares. Based on an average daily trading volume, of 2,600,000 shares, the short-interest ratio is currently 0.1 days. Currently, 16.8% of the company’s shares are short sold.

Institutional Trading of Reborn Coffee

A hedge fund recently raised its stake in Reborn Coffee stock. Citadel Advisors LLC raised its stake in Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,177 shares of the company’s stock after purchasing an additional 5,554 shares during the period. Citadel Advisors LLC owned 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. Institutional investors own 1.76% of the company’s stock.

Reborn Coffee Trading Up 6.6 %

NASDAQ REBN opened at $4.19 on Monday. Reborn Coffee has a one year low of $0.95 and a one year high of $8.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34. The business has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $2.58. The stock has a market capitalization of $15.39 million, a P/E ratio of -2.89 and a beta of 2.17.

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.