Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Declines By 64.2%

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 20,200 shares, a decrease of 64.2% from the February 13th total of 56,400 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 210,500 shares, the days-to-cover ratio is presently 0.1 days.

Coffee Trading Down 13.9 %

Shares of JVA stock traded down $0.89 during trading hours on Friday, hitting $5.53. 456,442 shares of the company’s stock were exchanged, compared to its average volume of 119,452. Coffee has a 12-month low of $1.22 and a 12-month high of $9.93. The company has a market capitalization of $31.57 million, a PE ratio of 14.18 and a beta of 1.38. The business’s 50 day simple moving average is $5.09 and its 200-day simple moving average is $3.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Coffee from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

Institutional Trading of Coffee

Several hedge funds have recently added to or reduced their stakes in JVA. Integrated Wealth Concepts LLC purchased a new position in shares of Coffee in the third quarter worth about $32,000. XTX Topco Ltd bought a new position in Coffee during the 3rd quarter worth approximately $34,000. Quinn Opportunity Partners LLC increased its stake in Coffee by 37.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock worth $190,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP lifted its position in Coffee by 153.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after purchasing an additional 19,518 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Coffee during the fourth quarter valued at approximately $69,000.

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.