Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 81.6% in September

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,300 shares, a decrease of 81.6% from the September 15th total of 77,600 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 73,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 73,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Coffee Stock Down 2.8%

Shares of JVA opened at $4.22 on Friday. The company has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.07. The company has a market capitalization of $24.10 million, a PE ratio of 13.19 and a beta of 1.42. Coffee has a 52-week low of $2.75 and a 52-week high of $9.93.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, September 12th. The company reported ($0.21) earnings per share (EPS) for the quarter. Coffee had a net margin of 2.06% and a return on equity of 6.84%. The company had revenue of $23.91 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Coffee in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Coffee

Hedge funds have recently added to or reduced their stakes in the business. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in Coffee during the 2nd quarter valued at about $43,000. Jump Financial LLC purchased a new position in Coffee during the 2nd quarter valued at about $58,000. Acadian Asset Management LLC purchased a new position in Coffee during the 1st quarter valued at about $73,000. Trexquant Investment LP purchased a new position in Coffee during the 1st quarter valued at about $75,000. Finally, XTX Topco Ltd purchased a new position in Coffee during the 2nd quarter valued at about $77,000.

Coffee Company Profile

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.