Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Drops By 34.4%

Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 84,767 shares, a decline of 34.4% from the August 15th total of 129,178 shares. Based on an average daily trading volume, of 39,141 shares, the short-interest ratio is presently 2.2 days. Approximately 1.5% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Reborn Coffee in a research report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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Reborn Coffee Stock Down 3.0%

Shares of Reborn Coffee stock traded down $0.03 during trading on Thursday, reaching $0.80. The company’s stock had a trading volume of 15,528 shares, compared to its average volume of 93,313. Reborn Coffee has a 1-year low of $0.65 and a 1-year high of $2.95. The company has a 50-day simple moving average of $1.27 and a two-hundred day simple moving average of $1.75. The company has a quick ratio of 0.87, a current ratio of 0.65 and a debt-to-equity ratio of 0.64. The company has a market cap of $6.89 million, a price-to-earnings ratio of -0.43 and a beta of 1.95.

Reborn Coffee (NASDAQ:REBN – Get Free Report) last announced its earnings results on Monday, September 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. Reborn Coffee had a negative net margin of 37.56% and a negative return on equity of 354.56%. The business had revenue of $6.32 million for the quarter.

About Reborn Coffee

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Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.

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