Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 19,731 shares, a drop of 53.1% from the August 15th total of 42,046 shares. Based on an average trading volume of 41,767 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short.

Coffee Trading Down 2.2%

JVA traded down $0.09 during trading on Tuesday, reaching $4.08. 72,969 shares of the company’s stock were exchanged, compared to its average volume of 67,042. Coffee has a one year low of $2.93 and a one year high of $5.63. The firm has a fifty day moving average price of $3.51 and a two-hundred day moving average price of $3.85. The stock has a market capitalization of $23.30 million, a PE ratio of 4.86 and a beta of 1.44.

Coffee (NASDAQ:JVA) last announced its earnings results on Friday, September 11th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.01 by $0.34. The business had revenue of $21.69 million for the quarter, compared to analysts’ expectations of $23.00 million. Coffee had a return on equity of 16.20% and a net margin of 4.85%.

Institutional Investors Weigh In On Coffee

A hedge fund recently bought a new position in Coffee stock. Empowered Funds LLC acquired a new position in Coffee Holding Co., Inc. (NASDAQ:JVA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,219 shares of the company’s stock, valued at approximately $141,000. Empowered Funds LLC owned 0.74% of Coffee at the end of the most recent reporting period.

Analysts Set New Price Targets

Several brokerages have commented on JVA. Piper Sandler started coverage on shares of Coffee in a research report on Monday, June 8th. They set a “neutral” rating and a $9.00 price objective for the company. DA Davidson set a $10.00 target price on Coffee in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Coffee has an average rating of “Hold” and a consensus price target of $9.50.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.