Coffee Holding Co., Inc. (NASDAQ: JVA – Get a rating) benefited from a significant drop in short-term interest rates in May. As of May 31, there was short interest totaling 12,300 shares, down 49.2% from the May 15 total of 24,200 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 19,200 shares, the day-to-cover ratio is currently 0.6 days.
FVA NASDAQ opened at $2.99 on Friday. The company’s fifty-day moving average price is $3.04 and its two-hundred-day moving average price is $3.78. Coffee has a 1-year low of $2.78 and a 1-year high of $6.23. The company has a market capitalization of $17.07 million, a P/E ratio of 19.93 and a beta of 1.20.
Coffee (NASDAQ: JVA – Get a rating) last released its quarterly earnings data on Thursday, March 17. The company reported EPS of $0.05 for the quarter. The cafe had a net margin of 1.37% and a return on equity of 2.93%. The company had revenue of $16.71 million for the quarter.
Major investors have recently increased or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of Coffee in the third quarter worth $47,000. Susquehanna International Group LLP acquired a new position in shares of Coffee in the fourth quarter worth approximately $46,000. Fosun International Ltd increased its stake in Coffee shares by 9.2% in the fourth quarter. Fosun International Ltd now owns 118,468 shares in the company valued at $513,000 after acquiring an additional 10,000 shares last quarter. Ancora Advisors LLC increased its stake in Coffee shares by 186.4% in the first quarter. Ancora Advisors LLC now owns 349,034 shares of the company valued at $1,725,000 after acquiring an additional 227,147 shares last quarter. Finally, Renaissance Technologies LLC increased its stake in Coffee shares by 0.7% in the third quarter. Renaissance Technologies LLC now owns 459,744 shares of the company valued at $2,092,000 after acquiring 3,000 additional shares last quarter. Hedge funds and other institutional investors hold 24.01% of the company’s shares.
About coffee (Get a rating)
Coffee Holding Co, Inc manufactures, roasts, packages, markets and distributes roasted and blended coffees in the United States, Australia, Canada, England and China. The company offers wholesale green coffee products, which include raw unroasted beans of approximately 90 varieties that are sold to large, medium and small roasters, as well as coffeehouse operators.
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