Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 363,600 shares, a growth of 27.9% from the November 30th total of 284,300 shares. Based on an average daily trading volume, of 94,200 shares, the short-interest ratio is currently 3.9 days. Currently, 14.4% of the company’s stock are short sold.
Reborn Coffee Stock Performance
Shares of REBN traded up $0.01 during midday trading on Tuesday, reaching $1.66. 54,160 shares of the stock were exchanged, compared to its average volume of 576,440. The business’s 50-day moving average price is $1.45 and its 200 day moving average price is $3.26. The company has a market capitalization of $6.10 million, a price-to-earnings ratio of -1.14 and a beta of 2.69. 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 twelve month low of $0.92 and a twelve month high of $8.80.
Hedge Funds Weigh In On Reborn Coffee
A hedge fund recently bought a new stake in Reborn Coffee stock. Renaissance Technologies LLC acquired a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned about 0.45% of Reborn Coffee as of its most recent filing with the SEC. 1.76% of the stock is currently owned by hedge funds and other institutional investors.
Reborn Coffee Company Profile
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.
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