Reeds, Inc. (NYSEAMERICAN:REED) Short Interest Up 67.1% in August

Reeds, Inc. (NYSEAMERICAN:REED) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 99,592 shares, a growth of 67.1% from the August 15th total of 59,590 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 153,168 shares, the short-interest ratio is presently 0.7 days.

Reeds Stock Performance

Shares of REED stock opened at $0.80 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.85 and a quick ratio of 0.41. Reeds has a fifty-two week low of $0.63 and a fifty-two week high of $12.00. The firm has a fifty day moving average price of $0.94.

Reeds (NYSEAMERICAN:REED) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.36) EPS for the quarter. The business had revenue of $7.49 million during the quarter. Reeds had a negative return on equity of 580.89% and a negative net margin of 63.48%.

About Reeds

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.