Reeds, Inc. (NYSEAMERICAN:REED) Sees Significant Growth in Short Interest

Reeds, Inc. (NYSEAMERICAN:REED) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 287,255 shares, an increase of 156.8% from the October 15th total of 111,878 shares. Based on an average trading volume of 6,012,267 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the company’s shares are short sold.

Reeds Trading Up 10.9%

Shares of REED stock traded up $0.22 during trading hours on Friday, reaching $2.25. 31,576 shares of the stock were exchanged, compared to its average volume of 364,360. Reeds has a 12-month low of $0.32 and a 12-month high of $7.35. The stock’s 50-day moving average is $0.77. The company has a market cap of $26.70 million, a price-to-earnings ratio of -1.39 and a beta of 0.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.85 and a quick ratio of 0.41.

Reeds (NYSEAMERICAN:REED) last released its earnings results on Tuesday, November 10th. The company reported ($0.27) earnings per share for the quarter. The business had revenue of $6.51 million during the quarter. Reeds had a negative return on equity of 526.64% and a negative net margin of 61.80%.

About Reeds

Reed’s, Inc. is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas. The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.