Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Down 15.6% in December

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 57,908 shares, a decrease of 15.6% from the November 30th total of 68,582 shares. Based on an average trading volume of 52,899 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 52,899 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Reborn Coffee

A hedge fund recently bought a new stake in Reborn Coffee stock. XTX Topco Ltd purchased a new stake in Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned about 0.21% of Reborn Coffee at the end of the most recent quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reborn Coffee in a report on Friday, October 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reborn Coffee has an average rating of “Sell”.

Reborn Coffee Stock Up 0.5%

Shares of REBN opened at $1.45 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.08 and a quick ratio of 0.06. The stock has a market capitalization of $8.65 million, a price-to-earnings ratio of -0.57 and a beta of 2.08. Reborn Coffee has a 1 year low of $1.20 and a 1 year high of $8.30. The business’s 50 day simple moving average is $1.71 and its 200-day simple moving average is $2.30.

Reborn Coffee (NASDAQ:REBN) last posted its earnings results on Wednesday, November 19th. The company reported ($0.68) earnings per share for the quarter. Reborn Coffee had a negative net margin of 191.48% and a negative return on equity of 995.56%. The business had revenue of $2.71 million during the quarter.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.