Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Expands By 54.0%

Reborn Coffee, Inc. (NASDAQ:REBN) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 88,037 shares, an increase of 54.0% from the January 15th total of 57,157 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 68,767 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 68,767 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.9% of the shares of the stock are short sold.

Reborn Coffee Price Performance

Shares of NASDAQ:REBN opened at $1.67 on Friday. Reborn Coffee has a 1 year low of $1.36 and a 1 year high of $8.30. The firm has a market capitalization of $9.99 million, a PE ratio of -0.65 and a beta of 2.13. The business’s 50 day moving average price is $1.67 and its 200-day moving average price is $2.09.

Reborn Coffee (NASDAQ:REBN) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.68) earnings per share for the quarter. Reborn Coffee had a negative net margin of 191.48% and a negative return on equity of 995.56%. The firm had revenue of $2.71 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reborn Coffee in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd acquired a new stake in Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned about 0.21% of Reborn Coffee at the end of the most recent quarter. 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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.