Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Significant Increase in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 42,046 shares, an increase of 73.1% from the July 30th total of 24,285 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 51,202 shares, the days-to-cover ratio is currently 0.8 days.

Coffee Trading Up 0.3%

JVA traded up $0.01 during midday trading on Tuesday, hitting $3.43. 3,410 shares of the company traded hands, compared to its average volume of 79,232. The business has a 50 day simple moving average of $3.45 and a two-hundred day simple moving average of $3.81. Coffee has a 52-week low of $2.93 and a 52-week high of $5.63. The company has a market capitalization of $19.59 million, a price-to-earnings ratio of 12.25 and a beta of 1.41.

Coffee (NASDAQ:JVA) last released its quarterly earnings results on Friday, June 12th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Coffee had a return on equity of 5.41% and a net margin of 1.53%.The company had revenue of $22.13 million for the quarter, compared to analyst estimates of $24.60 million.

Institutional Trading of Coffee

A number of institutional investors have recently made changes to their positions in the company. Bridgeway Capital Management LLC raised its stake in Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after purchasing an additional 3,389 shares during the last quarter. Empowered Funds LLC boosted its stake in Coffee by 10.1% during the 1st quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock worth $163,000 after purchasing an additional 3,538 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Coffee by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after buying an additional 8,448 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Coffee in the fourth quarter valued at about $42,000. Finally, Virtu Financial LLC acquired a new stake in shares of Coffee in the third quarter valued at about $53,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JVA. DA Davidson set a $10.00 price target on shares of Coffee in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Finally, Piper Sandler initiated coverage on shares of Coffee in a research note on Monday, June 8th. They set a “neutral” rating and a $9.00 target price on the stock. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.50.

About Coffee

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.