Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Up 363.0% in November

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 174,100 shares, an increase of 363.0% from the October 31st total of 37,600 shares. Currently, 7.4% of the shares of the stock are sold short. Based on an average trading volume of 70,100 shares, the short-interest ratio is presently 2.5 days.

Reborn Coffee Price Performance

Shares of NASDAQ:REBN traded down $0.12 on Thursday, reaching $1.11. 58,572 shares of the company traded hands, compared to its average volume of 621,752. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34. Reborn Coffee has a fifty-two week low of $0.92 and a fifty-two week high of $8.80. The stock has a market capitalization of $4.07 million, a PE ratio of -0.77 and a beta of 3.08. The company’s 50 day moving average is $2.13 and its 200-day moving average is $3.76.

Institutional Trading of Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC purchased a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned approximately 0.45% of Reborn Coffee as of its most recent filing with the SEC. 1.76% of the stock is owned by hedge funds and other institutional investors.

About Reborn Coffee

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.