Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Large Decrease in Short Interest

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Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 5,000 shares, a decline of 82.5% from the July 15th total of 28,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 36,000 shares, the short-interest ratio is presently 0.1 days.

JVA has been the topic of a number of recent analyst reports. TheStreet cut Coffee from a “b-” rating to a “c+” rating in a report on Wednesday, May 15th. ValuEngine cut Coffee from a “buy” rating to a “hold” rating in a report on Friday, June 7th.

JVA traded up $0.16 during trading hours on Wednesday, reaching $4.05. The company’s stock had a trading volume of 930 shares, compared to its average volume of 17,216. Coffee has a fifty-two week low of $3.53 and a fifty-two week high of $7.79. The stock has a market cap of $21.83 million, a PE ratio of 98.00 and a beta of 1.63. The business’s 50-day moving average is $4.09 and its 200-day moving average is $5.01.

Coffee (NASDAQ:JVA) last released its quarterly earnings data on Wednesday, June 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Coffee had a net margin of 0.21% and a return on equity of 0.74%. The business had revenue of $20.72 million during the quarter.

A number of large investors have recently added to or reduced their stakes in JVA. JPMorgan Chase & Co. lifted its stake in Coffee by 499.2% during the second quarter. JPMorgan Chase & Co. now owns 16,986 shares of the company’s stock worth $67,000 after purchasing an additional 14,151 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Coffee during the first quarter worth $95,000. Algert Global LLC increased its position in shares of Coffee by 89.6% during the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after acquiring an additional 13,237 shares during the period. Acadian Asset Management LLC increased its position in shares of Coffee by 7.3% during the second quarter. Acadian Asset Management LLC now owns 69,667 shares of the company’s stock worth $285,000 after acquiring an additional 4,734 shares during the period. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Coffee during the first quarter worth $659,000. Institutional investors own 31.19% of the company’s stock.

About Coffee

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.

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