Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Up 420.3% in March

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 105,100 shares, an increase of 420.3% from the February 28th total of 20,200 shares. Based on an average daily trading volume, of 248,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.1% of the company’s stock are short sold.

Coffee Stock Performance

JVA traded down $0.26 on Friday, hitting $3.22. The company had a trading volume of 148,166 shares, compared to its average volume of 131,751. The stock has a market capitalization of $18.38 million, a price-to-earnings ratio of 8.26 and a beta of 1.38. The stock has a fifty day moving average price of $5.20 and a 200-day moving average price of $4.02. Coffee has a 12-month low of $1.23 and a 12-month high of $9.93.

Coffee (NASDAQ:JVA) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.20 earnings per share (EPS) for the quarter. Coffee had a net margin of 2.82% and a return on equity of 8.97%. The firm had revenue of $21.31 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Coffee from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Coffee

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Coffee in the 3rd quarter valued at approximately $32,000. XTX Topco Ltd acquired a new position in Coffee during the 3rd quarter valued at approximately $34,000. Empowered Funds LLC purchased a new position in shares of Coffee in the fourth quarter worth $69,000. Bridgeway Capital Management LLC acquired a new stake in shares of Coffee during the fourth quarter worth $73,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Coffee by 153.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after buying an additional 19,518 shares during the last quarter.

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.