Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 22,900 shares, a drop of 35.7% from the May 30th total of 35,600 shares. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the company’s shares are sold short.
Shares of NASDAQ JVA traded down $0.16 during midday trading on Friday, hitting $4.25. The stock had a trading volume of 18,108 shares, compared to its average volume of 41,592. The stock has a 50-day simple moving average of $4.28. The stock has a market cap of $23.67 million, a price-to-earnings ratio of 110.25 and a beta of 1.66. Coffee has a fifty-two week low of $3.53 and a fifty-two week high of $7.79.
Coffee (NASDAQ:JVA) last released its earnings results on Wednesday, June 19th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.10). The firm had revenue of $20.72 million during the quarter. Coffee had a net margin of 0.21% and a return on equity of 0.74%.
Several equities research analysts have recently commented on the company. TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th. ValuEngine raised YY from a “sell” rating to a “hold” rating in a research note on Friday, June 7th.
Institutional investors have recently made changes to their positions in the stock. Alambic Investment Management L.P. acquired a new stake in shares of Coffee during the first quarter worth $659,000. Ancora Advisors LLC grew its stake in shares of Coffee by 3.3% during the fourth quarter. Ancora Advisors LLC now owns 296,695 shares of the company’s stock worth $1,047,000 after purchasing an additional 9,545 shares during the period. Bailard Inc. acquired a new stake in shares of Coffee during the first quarter worth $95,000. Algert Global LLC grew its stake in shares of Coffee by 89.6% during the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after purchasing an additional 13,237 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Coffee by 486.6% during the first quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after purchasing an additional 53,864 shares during the period. 31.18% of the stock is owned by institutional investors and hedge funds.
Coffee Company Profile
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 approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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