Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 31,300 shares, an increase of 120.4% from the September 30th total of 14,200 shares. Based on an average trading volume of 94,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

Coffee Price Performance

NASDAQ:JVA traded down $0.04 on Friday, reaching $3.19. The stock had a trading volume of 62,153 shares, compared to its average volume of 76,777. Coffee has a 12-month low of $0.67 and a 12-month high of $3.88. The firm’s fifty day moving average is $2.81 and its two-hundred day moving average is $2.15.

Coffee (NASDAQ:JVA) last released its earnings results on Friday, September 13th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $18.81 million for the quarter. Coffee had a return on equity of 4.66% and a net margin of 1.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Coffee in a report on Friday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC grew its stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 at the end of the most recent quarter.

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.