Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Decreases By 34.4%

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 84,767 shares, a decrease of 34.4% from the August 15th total of 129,178 shares. Based on an average trading volume of 39,141 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.5% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Reborn Coffee in a report on Friday, September 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Reborn Coffee Stock Down 3.0%

NASDAQ:REBN traded down $0.03 during trading hours on Thursday, reaching $0.80. The company’s stock had a trading volume of 15,528 shares, compared to its average volume of 93,313. The stock has a 50 day moving average price of $1.27 and a two-hundred day moving average price of $1.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.65. The company has a market capitalization of $6.89 million, a P/E ratio of -0.43 and a beta of 1.95. Reborn Coffee has a 12 month low of $0.65 and a 12 month high of $2.95.

Reborn Coffee (NASDAQ:REBN) last announced its quarterly earnings results on Monday, September 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $6.32 million during the quarter. Reborn Coffee had a negative net margin of 37.56% and a negative return on equity of 354.56%.

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. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.