Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Update

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 126,900 shares, a drop of 34.0% from the March 15th total of 192,200 shares. Based on an average daily volume of 2,600,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.2% of the company’s stock are short sold.

Reborn Coffee Stock Down 0.8 %

Shares of NASDAQ:REBN traded down $0.03 during trading on Thursday, hitting $3.28. 18,837 shares of the company were exchanged, compared to its average volume of 2,320,165. 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 firm’s 50 day moving average price is $4.19 and its 200-day moving average price is $2.69. The stock has a market capitalization of $14.96 million, a P/E ratio of -2.26 and a beta of 2.26. Reborn Coffee has a 12-month low of $1.03 and a 12-month high of $8.80.

Reborn Coffee (NASDAQ:REBN) last released its quarterly earnings results on Monday, March 31st. The company reported ($0.26) EPS for the quarter. The business had revenue of $1.78 million during the quarter. Reborn Coffee had a negative net margin of 67.56% and a negative return on equity of 171.86%.

Institutional Trading of Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC boosted its position in Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,177 shares of the company’s stock after buying an additional 5,554 shares during the period. Citadel Advisors LLC owned approximately 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. 1.76% of the stock is owned by hedge funds and other institutional investors.

About Reborn Coffee

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.