Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 22,900 shares, a decline of 35.7% from the May 30th total of 35,600 shares. Based on an average daily volume of 56,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the company are short sold.
Shares of JVA stock traded down $0.16 during mid-day trading on Friday, hitting $4.25. 687 shares of the stock traded hands, compared to its average volume of 39,375. The stock has a market capitalization of $24.56 million, a PE ratio of 110.50 and a beta of 1.66. The stock’s fifty day moving average price is $4.28. Coffee has a 52-week low of $3.53 and a 52-week high of $7.79.
Coffee (NASDAQ:JVA) last issued its quarterly earnings data on Wednesday, June 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Coffee had a return on equity of 0.74% and a net margin of 0.21%. The business had revenue of $20.72 million for the quarter.
Several institutional investors have recently made changes to their positions in the company. Alambic Investment Management L.P. purchased a new stake in Coffee in the first quarter valued at approximately $659,000. Acadian Asset Management LLC grew its holdings in Coffee by 486.6% during the first quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after acquiring an additional 53,864 shares during the period. Bailard Inc. acquired a new position in Coffee during the first quarter worth $95,000. Algert Global LLC grew its holdings in Coffee by 89.6% in the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock valued at $152,000 after purchasing an additional 13,237 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in Coffee by 3.3% in the fourth quarter. Ancora Advisors LLC now owns 296,695 shares of the company’s stock valued at $1,047,000 after purchasing an additional 9,545 shares during the last quarter. 31.18% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. ValuEngine raised YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. TheStreet lowered shares of YRC Worldwide from a “c” rating to a “d+” rating in a research note on Wednesday, May 15th.
Coffee Company Profile
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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