Reed’s, Inc. (OTCMKTS:REED) Short Interest Update

Reed’s, Inc. (OTCMKTS:REED) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,000 shares, a growth of 46.3% from the February 28th total of 4,100 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is presently 0.8 days. Approximately 0.6% of the shares of the company are short sold.

Reed’s Trading Up 0.3 %

OTCMKTS REED traded up $0.00 on Monday, hitting $1.39. 723 shares of the company traded hands, compared to its average volume of 4,739. The business’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.10. The company has a market capitalization of $11.38 million, a price-to-earnings ratio of -0.34 and a beta of 0.96. Reed’s has a 52-week low of $0.51 and a 52-week high of $2.42.

Reed’s (OTCMKTS:REED) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter. The company had revenue of $9.73 million for the quarter, compared to the consensus estimate of $8.68 million. As a group, sell-side analysts predict that Reed’s will post -1.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Reed’s in a report on Tuesday, February 25th. They set a “sell” rating for the company.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.