Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 36,388 shares, an increase of 57.3% from the May 14th total of 23,127 shares. Based on an average daily volume of 47,668 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are short sold.
Reeds Trading Down 1.4%
Shares of NYSEAMERICAN REED opened at $1.45 on Thursday. Reeds has a one year low of $1.36 and a one year high of $12.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.11 and a quick ratio of 0.58.
Reeds (NYSEAMERICAN:REED – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.55) EPS for the quarter. The business had revenue of $7.14 million for the quarter. Reeds had a negative net margin of 65.03% and a negative return on equity of 467.92%.
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Reeds Company Profile
Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.
The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.
Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.
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