Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Grows By 27.9%

Reborn Coffee, Inc. (NASDAQ:REBN) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 363,600 shares, an increase of 27.9% from the November 30th total of 284,300 shares. Approximately 14.4% of the shares of the company are sold short. Based on an average daily volume of 94,200 shares, the short-interest ratio is presently 3.9 days.

Reborn Coffee Stock Performance

Shares of NASDAQ REBN traded up $0.01 during mid-day trading on Tuesday, hitting $1.66. 54,160 shares of the company were exchanged, compared to its average volume of 576,440. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.10 million, a price-to-earnings ratio of -1.14 and a beta of 2.69. The stock has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $3.26. Reborn Coffee has a 1-year low of $0.92 and a 1-year high of $8.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC acquired a new stake in Reborn Coffee, Inc. (NASDAQ:REBN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned approximately 0.45% of Reborn Coffee at the end of the most recent quarter. 1.76% of the stock is currently owned by institutional investors.

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.