Reeds, Inc. (NYSEAMERICAN:REED) Sees Large Increase in Short Interest

Reeds, Inc. (NYSEAMERICAN:REEDGet Free Report) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 36,388 shares, an increase of 57.3% from the May 14th total of 23,127 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 47,668 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners cut Reeds from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

View Our Latest Report on Reeds

Reeds Stock Down 6.7%

REED traded down $0.11 on Tuesday, hitting $1.52. The company had a trading volume of 17,065 shares, compared to its average volume of 32,875. Reeds has a 1-year low of $1.42 and a 1-year high of $12.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.58 and a current ratio of 1.11.

Reeds (NYSEAMERICAN:REEDGet Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.55) earnings per share for the quarter. Reeds had a negative return on equity of 467.92% and a negative net margin of 65.03%.The company had revenue of $7.14 million during the quarter.

Reeds Company Profile

(Get Free Report)

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.

Further Reading

Receive News & Ratings for Reeds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reeds and related companies with MarketBeat.com's FREE daily email newsletter.