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

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 28,300 shares, a decline of 11.8% from the December 15th total of 32,100 shares. Based on an average daily trading volume, of 108,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Coffee from a “buy” rating to a “hold” rating in a report on Thursday.

Coffee Stock Performance

Shares of JVA traded down $0.10 during mid-day trading on Friday, reaching $3.66. 266,229 shares of the company’s stock traded hands, compared to its average volume of 87,676. The business’s 50-day moving average price is $3.71 and its 200-day moving average price is $3.01. Coffee has a 12 month low of $1.01 and a 12 month high of $4.66.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the third quarter valued at approximately $32,000. XTX Topco Ltd acquired a new position in shares of Coffee during the third quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC increased its stake in shares of Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after acquiring an additional 8,900 shares during the period.

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.