Reborn Coffee, Inc. (NASDAQ:REBN) Stock Short Interest Climbs 54.9%

Reborn Coffee, Inc. (NASDAQ:REBN) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 131,329 shares, a growth of 54.9% from the August 31st total of 84,767 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 374,124 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Reborn Coffee from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Reborn Coffee Stock Performance

REBN opened at $2.18 on Friday. The firm has a market cap of $18.79 million, a PE ratio of -4.95 and a beta of 1.88. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $1.70. Reborn Coffee has a fifty-two week low of $0.65 and a fifty-two week high of $2.95.

About Reborn Coffee

Reborn Coffee, Inc is a specialty coffee company that operates under the Reborn Coffee brand. The company focuses on sourcing, processing, roasting and brewing specialty coffee, with an emphasis on quality and consistency throughout the coffee-production process.

Reborn Coffee’s offerings include brewed coffee, espresso-based beverages, cold drinks, teas and other café products, along with food items such as pastries. The company also sells roasted coffee and related products through its retail locations and online channels, and may serve wholesale and business customers.

Founded in 2015, Reborn Coffee has developed a café and roasting business primarily serving customers in the United States, with a presence centered in California and expansion through additional locations and distribution channels.