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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target 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. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 248,700 shares, the short-interest ratio is currently 0.4 days.

Coffee Trading Down 7.5 %

Shares of NASDAQ:JVA traded down $0.26 during mid-day trading on Friday, reaching $3.22. The stock had a trading volume of 148,166 shares, compared to its average volume of 131,751. Coffee has a 1 year low of $1.23 and a 1 year high of $9.93. The business’s 50 day moving average price is $5.20 and its 200 day moving average price is $4.02. The company has a market cap of $18.38 million, a P/E ratio of 8.26 and a beta of 1.38.

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

Hedge Funds Weigh In On Coffee

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

Wall Street Analysts Forecast Growth

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

Coffee Company Profile

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.