Reborn Coffee, Inc. (NASDAQ:REBN) Sees Large Growth in Short Interest

Reborn Coffee, Inc. (NASDAQ:REBN) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 429,700 shares, an increase of 25.1% from the January 15th total of 343,400 shares. Based on an average trading volume of 2,340,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 17.1% of the company’s stock are sold short.

Reborn Coffee Stock Down 2.9 %

Shares of REBN traded down $0.12 during mid-day trading on Friday, reaching $4.01. The company’s stock had a trading volume of 188,790 shares, compared to its average volume of 7,037,221. The stock has a market cap of $14.72 million, a PE ratio of -2.77 and a beta of 2.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34. Reborn Coffee has a 12-month low of $0.92 and a 12-month high of $8.80. The company’s 50 day moving average is $2.15 and its 200 day moving average is $2.42.

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.