Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,100 shares, a decline of 36.0% from the February 29th total of 11,100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 28,200 shares, the short-interest ratio is currently 0.3 days.
Coffee Stock Up 2.6 %
Coffee stock traded up $0.04 during midday trading on Friday, reaching $1.58. 82,202 shares of the company traded hands, compared to its average volume of 31,425. The business has a 50 day moving average of $1.25 and a two-hundred day moving average of $0.99. Coffee has a 12 month low of $0.67 and a 12 month high of $2.23.
Coffee (NASDAQ:JVA – Get Free Report) last issued its quarterly earnings data on Friday, February 9th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $18.76 million for the quarter. Coffee had a net margin of 0.07% and a return on equity of 0.20%.
Institutional Trading of Coffee
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Coffee in a research note on Saturday, March 23rd. They issued a “hold” rating on the stock.
Get Our Latest Research Report on Coffee
About Coffee
Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.
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