Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Decreases By 40.6%

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 192,200 shares, a decline of 40.6% from the February 28th total of 323,300 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is presently 0.1 days. Currently, 10.8% of the shares of the stock are short sold.

Reborn Coffee Stock Performance

NASDAQ:REBN opened at $3.75 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.34 and a current ratio of 0.41. Reborn Coffee has a fifty-two week low of $1.03 and a fifty-two week high of $8.80. The company has a market cap of $13.77 million, a price-to-earnings ratio of -2.59 and a beta of 2.17. The stock has a fifty day moving average price of $4.01 and a 200-day moving average price of $2.65.

Institutional Investors Weigh In On Reborn Coffee

A hedge fund recently raised its stake in Reborn Coffee stock. Citadel Advisors LLC grew its position in Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,177 shares of the company’s stock after buying an additional 5,554 shares during the quarter. Citadel Advisors LLC owned 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.76% of the company’s stock.

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.