Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Grows By 54.0%

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 88,037 shares, a growth of 54.0% from the January 15th total of 57,157 shares. Based on an average daily volume of 68,767 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.9% of the company’s shares are short sold. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 68,767 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd purchased a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned 0.21% of Reborn Coffee at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reborn Coffee in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reborn Coffee presently has a consensus rating of “Sell”.

Reborn Coffee Trading Up 1.2%

Reborn Coffee stock traded up $0.02 during trading on Friday, hitting $1.67. The company had a trading volume of 35,688 shares, compared to its average volume of 52,326. The stock has a market cap of $9.99 million, a price-to-earnings ratio of -0.65 and a beta of 2.13. Reborn Coffee has a 1-year low of $1.36 and a 1-year high of $8.30. The company’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $2.09.

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

Reborn Coffee Company Profile

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.