Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 14.4% in April

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 23,685 shares, a drop of 14.4% from the March 31st total of 27,659 shares. Based on an average daily volume of 56,539 shares, the short-interest ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Coffee

A number of hedge funds have recently made changes to their positions in JVA. XTX Topco Ltd bought a new stake in shares of Coffee during the fourth quarter valued at approximately $42,000. Virtu Financial LLC bought a new stake in shares of Coffee during the third quarter valued at approximately $53,000. Jump Financial LLC bought a new stake in shares of Coffee during the second quarter valued at approximately $58,000. Acadian Asset Management LLC bought a new stake in shares of Coffee during the first quarter valued at approximately $73,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in shares of Coffee by 65.0% during the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock valued at $75,000 after buying an additional 6,500 shares during the last quarter.

Coffee Stock Down 0.1%

JVA stock traded down $0.00 during midday trading on Friday, reaching $4.65. The company had a trading volume of 12,092 shares, compared to its average volume of 101,560. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $3.83. Coffee has a fifty-two week low of $2.93 and a fifty-two week high of $5.63. The firm has a market capitalization of $26.53 million, a PE ratio of 13.79 and a beta of 1.40.

Coffee (NASDAQ:JVA) last issued its earnings results on Monday, March 16th. The company reported $0.29 EPS for the quarter. The company had revenue of $25.57 million during the quarter. Coffee had a return on equity of 6.82% and a net margin of 1.88%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.