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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 105,100 shares, a growth of 420.3% from the February 28th total of 20,200 shares. Based on an average trading volume of 248,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 2.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Coffee during the 3rd quarter valued at $32,000. XTX Topco Ltd bought a new position in shares of Coffee during the third quarter valued at about $34,000. Empowered Funds LLC purchased a new stake in shares of Coffee during the fourth quarter worth about $69,000. Bridgeway Capital Management LLC bought a new stake in shares of Coffee in the fourth quarter worth about $73,000. Finally, Dimensional Fund Advisors LP increased its holdings in Coffee by 153.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after purchasing an additional 19,518 shares during the period.

Coffee Trading Down 7.8 %

Shares of NASDAQ:JVA traded down $0.30 on Wednesday, reaching $3.56. 359,790 shares of the company traded hands, compared to its average volume of 131,468. The stock has a market capitalization of $20.32 million, a P/E ratio of 9.13 and a beta of 1.38. The business’s 50-day simple moving average is $5.21 and its 200 day simple moving average is $4.03. Coffee has a 52 week low of $1.23 and a 52 week high of $9.93.

Coffee (NASDAQ:JVA) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.20 earnings per share (EPS) for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%. The business had revenue of $21.31 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Coffee from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

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.