Reeds, Inc. (NYSEAMERICAN:REED) Short Interest Up 67.1% in August

Reeds, Inc. (NYSEAMERICAN:REED) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 99,592 shares, an increase of 67.1% from the August 15th total of 59,590 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 153,168 shares, the days-to-cover ratio is currently 0.7 days.

Reeds Price Performance

Reeds stock opened at $0.80 on Thursday. Reeds has a fifty-two week low of $0.63 and a fifty-two week high of $12.00. The business’s fifty day moving average is $0.94. The company has a quick ratio of 0.41, a current ratio of 0.85 and a debt-to-equity ratio of 0.31.

Reeds (NYSEAMERICAN:REED) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $7.49 million during the quarter. Reeds had a negative net margin of 63.48% and a negative return on equity of 580.89%.

About Reeds

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.