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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 10,400 shares, a drop of 27.3% from the September 30th total of 14,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 68,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 68,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Coffee Stock Performance

JVA remained flat at $4.08 on Monday. 69,824 shares of the company were exchanged, compared to its average volume of 150,219. Coffee has a one year low of $2.75 and a one year high of $9.93. The firm has a 50 day moving average price of $4.42 and a two-hundred day moving average price of $4.15. The firm has a market capitalization of $23.29 million, a P/E ratio of 12.75 and a beta of 1.42.

Coffee (NASDAQ:JVA) last announced its quarterly earnings data on Friday, September 12th. The company reported ($0.21) earnings per share for the quarter. Coffee had a net margin of 2.06% and a return on equity of 6.84%. The company had revenue of $23.91 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC increased its position in Coffee by 14.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after purchasing an additional 3,389 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in Coffee during the 2nd quarter valued at about $43,000. Jump Financial LLC purchased a new position in Coffee during the 2nd quarter valued at about $58,000. XTX Topco Ltd purchased a new position in Coffee during the 2nd quarter valued at about $77,000. Finally, Acadian Asset Management LLC purchased a new position in Coffee during the 1st quarter valued at about $73,000.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Coffee from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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.