Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,700 shares, a growth of 114.0% from the July 31st total of 5,000 shares. Based on an average trading volume of 29,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.
A number of equities research analysts recently issued reports on JVA shares. ValuEngine downgraded shares of Coffee from a “buy” rating to a “hold” rating in a report on Friday, June 7th. TheStreet downgraded shares of Coffee from a “b-” rating to a “c+” rating in a research note on Wednesday, May 15th.
Several large investors have recently modified their holdings of JVA. Acadian Asset Management LLC increased its position in Coffee by 486.6% during the 1st quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after purchasing an additional 53,864 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Coffee during the first quarter worth approximately $659,000. JPMorgan Chase & Co. grew 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 buying an additional 14,151 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Coffee by 70.3% in the second quarter. Vanguard Group Inc. now owns 285,509 shares of the company’s stock worth $1,168,000 after acquiring an additional 117,862 shares in the last quarter. Institutional investors and hedge funds own 30.11% of the company’s stock.
Shares of JVA traded up $0.03 during trading hours on Wednesday, hitting $4.11. The stock had a trading volume of 21,180 shares, compared to its average volume of 91,299. The firm has a market cap of $23.00 million, a P/E ratio of 100.25 and a beta of 1.61. The company’s fifty day simple moving average is $3.98 and its 200 day simple moving average is $4.79. Coffee has a 12-month low of $3.53 and a 12-month high of $7.79.
Coffee (NASDAQ:JVA) last posted its quarterly earnings results on Wednesday, June 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.10). The firm had revenue of $20.72 million for the quarter. Coffee had a net margin of 0.21% and a return on equity of 0.74%.
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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