Reeds, Inc. (NYSEAMERICAN:REED – Get Free Report) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 36,388 shares, a growth of 57.3% from the May 14th total of 23,127 shares. Based on an average daily trading volume, of 47,668 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s shares are sold short.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners lowered shares of Reeds from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Reeds
Reeds Trading Down 1.0%
Reeds (NYSEAMERICAN:REED – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.55) earnings per share for the quarter. Reeds had a negative net margin of 65.03% and a negative return on equity of 467.92%. The business had revenue of $7.14 million for the quarter.
About Reeds
Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.
The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.
Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.
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