Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 40.6% in March

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 192,200 shares, a drop of 40.6% from the February 28th total of 323,300 shares. Approximately 10.8% of the shares of the company are short sold. Based on an average daily volume of 2,600,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC grew its stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,177 shares of the company’s stock after acquiring an additional 5,554 shares during the period. Citadel Advisors LLC owned about 0.60% of Reborn Coffee worth $37,000 at the end of the most recent reporting period. Institutional investors own 1.76% of the company’s stock.

Reborn Coffee Stock Performance

NASDAQ REBN traded down $0.26 on Friday, hitting $3.75. 157,609 shares of the company’s stock were exchanged, compared to its average volume of 1,224,992. The firm has a market cap of $13.77 million, a price-to-earnings ratio of -2.59 and a beta of 2.17. The firm’s 50-day moving average price is $4.01 and its two-hundred day moving average price is $2.65. Reborn Coffee has a fifty-two week low of $1.03 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34.

Reborn Coffee Company Profile

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.