Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Significant Increase in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 42,046 shares, a growth of 73.1% from the July 30th total of 24,285 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 51,202 shares, the short-interest ratio is presently 0.8 days.

Coffee Stock Performance

Shares of JVA stock traded up $0.01 on Monday, hitting $3.44. The stock had a trading volume of 6,344 shares, compared to its average volume of 79,641. The stock’s 50 day moving average is $3.45 and its 200-day moving average is $3.81. The firm has a market capitalization of $19.61 million, a price-to-earnings ratio of 12.27 and a beta of 1.41. Coffee has a 52-week low of $2.93 and a 52-week high of $5.63.

Coffee (NASDAQ:JVA) last released its quarterly earnings results on Friday, June 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $22.13 million for the quarter, compared to analysts’ expectations of $24.60 million. Coffee had a return on equity of 5.41% and a net margin of 1.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Coffee during the 4th quarter worth approximately $42,000. Virtu Financial LLC purchased a new position in shares of Coffee during the 3rd quarter valued at approximately $53,000. Jump Financial LLC purchased a new position in shares of Coffee during the 2nd quarter valued at approximately $58,000. Acadian Asset Management LLC acquired a new stake in shares of Coffee during the first quarter worth approximately $73,000. Finally, Bridgeway Capital Management LLC grew its position in shares of Coffee by 14.5% during the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after buying an additional 3,389 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on JVA. Piper Sandler initiated coverage on shares of Coffee in a research report on Monday, June 8th. They set a “neutral” rating and a $9.00 target price for the company. DA Davidson set a $10.00 price objective on shares of Coffee in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $9.50.

Coffee Company Profile

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole?bean and ground coffees, single?serve pods, cold brew formats and bulk tea selections, with both branded and private?label solutions.