Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Large Decrease in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 7,000 shares, a decrease of 38.6% from the August 30th total of 11,400 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its holdings in Coffee by 7.3% during the 2nd quarter. Acadian Asset Management LLC now owns 69,667 shares of the company’s stock valued at $285,000 after acquiring an additional 4,734 shares during the period. JPMorgan Chase & Co. boosted its holdings in Coffee by 499.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 16,986 shares of the company’s stock valued at $67,000 after acquiring an additional 14,151 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Coffee by 70.3% during the 2nd quarter. Vanguard Group Inc. now owns 285,509 shares of the company’s stock valued at $1,168,000 after acquiring an additional 117,862 shares during the period. Institutional investors own 30.11% of the company’s stock.

Shares of JVA traded up $0.12 during midday trading on Friday, reaching $3.89. The stock had a trading volume of 8,169 shares, compared to its average volume of 20,627. The company’s 50-day moving average is $3.93 and its 200 day moving average is $4.44. Coffee has a 12-month low of $3.53 and a 12-month high of $7.79. The company has a market capitalization of $21.67 million, a price-to-earnings ratio of 62.17 and a beta of 1.55.

Coffee (NASDAQ:JVA) last posted its quarterly earnings data on Friday, September 13th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). The firm had revenue of $21.59 million during the quarter. Coffee had a return on equity of 1.09% and a net margin of 0.33%.

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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