Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Increases By 42.6%

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 27,659 shares, an increase of 42.6% from the March 15th total of 19,395 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 417,067 shares, the short-interest ratio is presently 0.1 days.

Coffee Stock Down 4.1%

JVA stock traded down $0.19 during midday trading on Thursday, reaching $4.48. 66,680 shares of the company’s stock traded hands, compared to its average volume of 86,930. The firm’s fifty day moving average price is $3.70 and its 200-day moving average price is $3.82. Coffee has a 52 week low of $2.93 and a 52 week high of $5.63. The company has a market cap of $25.58 million, a price-to-earnings ratio of 13.18 and a beta of 1.40.

Coffee (NASDAQ:JVA) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $25.57 million during the quarter. Coffee had a net margin of 1.88% and a return on equity of 6.82%.

Coffee Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 10th. Coffee’s payout ratio is 23.53%.

Institutional Trading of Coffee

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Coffee by 10.6% in the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock valued at $401,000 after purchasing an additional 8,448 shares in the last quarter. Citadel Advisors LLC bought a new stake in Coffee during the third quarter worth $322,000. DRW Securities LLC purchased a new stake in Coffee in the 4th quarter valued at $261,000. Two Sigma Investments LP lifted its stake in Coffee by 53.8% during the 3rd quarter. Two Sigma Investments LP now owns 44,919 shares of the company’s stock valued at $205,000 after acquiring an additional 15,711 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in Coffee by 14.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock valued at $139,000 after acquiring an additional 4,612 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.