Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 34.4% in August

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 84,767 shares, a drop of 34.4% from the August 15th total of 129,178 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 39,141 shares, the days-to-cover ratio is presently 2.2 days.

Reborn Coffee Trading Down 0.6%

REBN opened at $0.83 on Friday. Reborn Coffee has a 52 week low of $0.65 and a 52 week high of $2.95. The business has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.73. The firm has a market cap of $7.15 million, a P/E ratio of -0.66 and a beta of 1.95. The company has a quick ratio of 0.87, a current ratio of 0.65 and a debt-to-equity ratio of 0.64.

Reborn Coffee (NASDAQ:REBN) last posted its quarterly earnings data on Monday, September 14th. The company reported ($0.20) earnings per share (EPS) for the quarter. Reborn Coffee had a negative net margin of 37.56% and a negative return on equity of 354.56%. The firm had revenue of $6.32 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Reborn Coffee in a research note on Friday, September 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reborn Coffee has a consensus rating of “Sell”.

About Reborn Coffee

Reborn Coffee, Inc is a specialty coffee company that operates under the Reborn Coffee brand. The company focuses on sourcing, processing, roasting and brewing specialty coffee, with an emphasis on quality and consistency throughout the coffee-production process.

Reborn Coffee’s offerings include brewed coffee, espresso-based beverages, cold drinks, teas and other café products, along with food items such as pastries. The company also sells roasted coffee and related products through its retail locations and online channels, and may serve wholesale and business customers.

Founded in 2015, Reborn Coffee has developed a café and roasting business primarily serving customers in the United States, with a presence centered in California and expansion through additional locations and distribution channels.