Reeds, Inc. (NYSEAMERICAN:REED – Get 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%
Reeds (NYSEAMERICAN:REED – Get 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
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.
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