Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 40.6% in March

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 192,200 shares, a decline of 40.6% from the February 28th total of 323,300 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is currently 0.1 days. Currently, 10.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC grew its stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,177 shares of the company’s stock after buying an additional 5,554 shares during the quarter. 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.

Reborn Coffee Stock Down 6.5 %

Shares of NASDAQ REBN opened at $3.75 on Monday. The company has a market cap of $13.77 million, a price-to-earnings ratio of -2.59 and a beta of 2.17. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 0.19. Reborn Coffee has a 12 month low of $1.03 and a 12 month high of $8.80. The stock has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $2.65.

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.