Coffee Holding Co., Inc. (NASDAQ:JVA – Get Rating) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 6,500 shares, a decrease of 18.8% from the May 15th total of 8,000 shares. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.
Coffee Stock Down 0.6 %
Shares of Coffee stock opened at $1.66 on Friday. The company has a market cap of $9.48 million, a price-to-earnings ratio of 23.71 and a beta of 1.20. The company’s 50 day moving average is $1.68 and its 200 day moving average is $1.94. Coffee has a twelve month low of $1.47 and a twelve month high of $3.20. The company has a quick ratio of 2.52, a current ratio of 5.75 and a debt-to-equity ratio of 0.35.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JVA. Renaissance Technologies LLC increased its holdings in Coffee by 2.1% during the second quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock valued at $951,000 after buying an additional 8,120 shares during the last quarter. Ancora Advisors LLC increased its holdings in Coffee by 186.4% during the first quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock valued at $1,725,000 after buying an additional 227,147 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Coffee in the fourth quarter worth $43,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Coffee in the first quarter worth $27,000. Institutional investors own 20.43% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Coffee in a research note on Saturday. They issued a “hold” rating on the stock.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.
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