Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Expands By 25.1%

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 429,700 shares, an increase of 25.1% from the January 15th total of 343,400 shares. Approximately 17.1% of the company’s shares are short sold. Based on an average daily trading volume, of 2,340,000 shares, the days-to-cover ratio is presently 0.2 days.

Reborn Coffee Trading Down 2.9 %

Reborn Coffee stock traded down $0.12 during trading on Friday, reaching $4.01. 188,790 shares of the company were exchanged, compared to its average volume of 7,037,221. Reborn Coffee has a 52-week low of $0.92 and a 52-week high of $8.80. The company has a market capitalization of $14.72 million, a P/E ratio of -2.77 and a beta of 2.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $2.42.

About Reborn Coffee

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.