Westrock Coffee (NASDAQ:WESTW) Sees Significant Drop in Short Interest

Westrock Coffee (NASDAQ:WESTW) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 12,000 shares, a decrease of 20.0% from the May 31st total of 15,000 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 1.6 days.

Westrock Coffee Stock Performance

Shares of WESTW stock opened at $2.22 on Friday. The business has a fifty day simple moving average of $2.26 and a 200-day simple moving average of $2.23. Westrock Coffee has a fifty-two week low of $0.90 and a fifty-two week high of $3.23.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.