Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Large Growth in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 144,700 shares, a growth of 37.7% from the March 15th total of 105,100 shares. Based on an average daily volume of 268,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.9% of the company’s stock are sold short.

Institutional Investors Weigh In On Coffee

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in Coffee in the third quarter valued at about $34,000. Quinn Opportunity Partners LLC grew its position in shares of Coffee by 37.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock worth $190,000 after acquiring an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coffee by 153.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after acquiring an additional 19,518 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Coffee during the 4th quarter valued at approximately $69,000. Finally, Bridgeway Capital Management LLC bought a new position in Coffee during the fourth quarter worth $73,000.

Coffee Stock Performance

NASDAQ:JVA opened at $3.29 on Friday. Coffee has a one year low of $1.23 and a one year high of $9.93. The business’s 50-day simple moving average is $4.88 and its 200 day simple moving average is $4.07. The stock has a market cap of $18.78 million, a price-to-earnings ratio of 8.44 and a beta of 1.32.

Coffee (NASDAQ:JVA) last released its earnings results on Friday, March 21st. The company reported $0.20 EPS for the quarter. The company had revenue of $21.31 million during the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Coffee from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.