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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 27,659 shares, a growth of 42.6% from the March 15th total of 19,395 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 417,067 shares, the days-to-cover ratio is presently 0.1 days.

Coffee Stock Performance

Shares of JVA remained flat at $4.56 during trading hours on Tuesday. The stock had a trading volume of 166,212 shares, compared to its average volume of 247,258. Coffee has a 1 year low of $2.93 and a 1 year high of $5.63. The company’s 50-day moving average is $3.64 and its 200 day moving average is $3.81. The firm has a market cap of $26.04 million, a price-to-earnings ratio of 13.41 and a beta of 1.40.

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

Coffee Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in Coffee by 15.2% during the 4th quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock valued at $135,000 after buying an additional 4,612 shares during the period. XTX Topco Ltd purchased a new position in shares of Coffee in the fourth quarter valued at about $42,000. Bridgeway Capital Management LLC raised its stake in shares of Coffee by 14.7% during the fourth 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 during the last quarter. DRW Securities LLC purchased a new stake in shares of Coffee during the fourth quarter worth about $261,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Coffee during the third quarter worth about $322,000.

Analysts Set New Price Targets

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