Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 83,053 shares, a growth of 80.8% from the February 26th total of 45,931 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 110,977 shares, the days-to-cover ratio is presently 0.7 days.
Reborn Coffee Stock Performance
NASDAQ:REBN opened at $1.95 on Friday. The business’s fifty day moving average is $1.82 and its 200 day moving average is $1.89. The firm has a market cap of $11.66 million, a price-to-earnings ratio of -0.76 and a beta of 2.13. Reborn Coffee has a 52-week low of $1.36 and a 52-week high of $4.14.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reborn Coffee in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reborn Coffee presently has a consensus rating of “Sell”.
Institutional Investors Weigh In On Reborn Coffee
A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd acquired a new stake in Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee at the end of the most recent quarter. 1.76% of the stock is currently owned by institutional investors and hedge funds.
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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.
Further Reading
Receive News & Ratings for Reborn Coffee Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reborn Coffee and related companies with MarketBeat.com's FREE daily email newsletter.
