Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) saw a significant increase in short interest in 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. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 94,300 shares, the days-to-cover ratio is currently 0.3 days.
Coffee Trading Down 1.2 %
Shares of JVA stock traded down $0.04 during trading hours on Friday, hitting $3.19. 62,153 shares of the company’s stock were exchanged, compared to its average volume of 76,777. The firm has a 50 day moving average of $2.81 and a two-hundred day moving average of $2.16. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $3.88.
Coffee (NASDAQ:JVA – Get Free Report) last announced its quarterly earnings data on Friday, September 13th. The company reported $0.11 earnings per share for the quarter. Coffee had a return on equity of 4.66% and a net margin of 1.48%. The company had revenue of $18.81 million for the quarter.
Hedge Funds Weigh In On Coffee
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Coffee in a research note on Friday. They issued a “hold” rating for the company.
Get Our Latest Analysis on JVA
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.
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