Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Significant Increase in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 105,100 shares, an increase of 420.3% from the February 28th total of 20,200 shares. Based on an average trading volume of 248,700 shares, the short-interest ratio is presently 0.4 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Trading of Coffee

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in Coffee during the fourth quarter worth about $69,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Coffee during the fourth quarter valued at approximately $120,000. XTX Topco Ltd bought a new stake in shares of Coffee in the 3rd quarter worth approximately $34,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Coffee in the 3rd quarter worth approximately $32,000. Finally, Dimensional Fund Advisors LP increased its position in Coffee by 153.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after buying an additional 19,518 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Coffee from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

Coffee Price Performance

JVA traded down $0.30 on Wednesday, hitting $3.56. The company had a trading volume of 359,790 shares, compared to its average volume of 131,468. The stock has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $4.03. The firm has a market capitalization of $20.32 million, a P/E ratio of 9.13 and a beta of 1.38. Coffee has a 52-week low of $1.23 and a 52-week high of $9.93.

Coffee (NASDAQ:JVA) last released its quarterly earnings results on Friday, March 21st. The company reported $0.20 earnings per share for the quarter. The company had revenue of $21.31 million for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.

About Coffee

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.