Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 5,000 shares, a drop of 82.5% from the June 30th total of 28,500 shares. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

NASDAQ JVA traded up $0.10 during trading on Monday, reaching $4.12. 16,702 shares of the company’s stock traded hands, compared to its average volume of 101,648. The stock has a market cap of $22.50 million, a price-to-earnings ratio of 101.25 and a beta of 1.63. The company has a 50 day simple moving average of $4.12. Coffee has a 12-month low of $3.53 and a 12-month high of $7.79.

Coffee (NASDAQ:JVA) last posted its earnings results on Wednesday, June 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The business had revenue of $20.72 million for the quarter. Coffee had a net margin of 0.21% and a return on equity of 0.74%.

A number of brokerages recently weighed in on JVA. TheStreet lowered shares of Coffee from a “b-” rating to a “c+” rating in a report on Wednesday, May 15th. ValuEngine downgraded shares of Coffee from a “buy” rating to a “hold” rating in a research report on Friday, June 7th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alambic Investment Management L.P. purchased a new position in Coffee during the 1st quarter valued at about $659,000. Acadian Asset Management LLC increased its position in Coffee by 7.3% during the 2nd quarter. Acadian Asset Management LLC now owns 69,667 shares of the company’s stock valued at $285,000 after purchasing an additional 4,734 shares during the period. Algert Global LLC grew its position in shares of Coffee by 89.6% in the 1st quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after buying an additional 13,237 shares during the last quarter. Bailard Inc. purchased a new position in shares of Coffee in the 1st quarter worth approximately $95,000. Finally, JPMorgan Chase & Co. grew its position in shares of Coffee by 499.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,986 shares of the company’s stock worth $67,000 after buying an additional 14,151 shares during the last quarter. 31.13% of the stock is currently owned by institutional investors and hedge funds.

Coffee Company Profile

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.

Further Reading: How are institutional investors different from individual investors?

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