Coffee Holding Co., Inc. (NASDAQ:JVA – Get Rating) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 20,100 shares, an increase of 151.3% from the June 15th total of 8,000 shares. Approximately 0.4% of the company's shares are short sold. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Coffee stock. Fosun International Ltd grew its stake in Coffee Holding Co., Inc. (NASDAQ:JVA – Get Rating) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,468 shares of the company's stock after buying an additional 10,000 shares during the quarter. Fosun International Ltd owned 2.08% of Coffee worth $513,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.01% of the company's stock.
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Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on JVA shares. TheStreet cut shares of Coffee from a "c-" rating to a "d" rating in a report on Thursday, June 23rd. StockNews.com started coverage on shares of Coffee in a report on Saturday. They set a "hold" rating for the company.
Coffee Stock Performance
Shares of NASDAQ JVA opened at $2.77 on Friday. The stock has a market cap of $15.79 million, a P/E ratio of 92.17 and a beta of 1.23. Coffee has a 52-week low of $2.31 and a 52-week high of $6.05. The firm has a 50 day moving average price of $2.72 and a 200 day moving average price of $3.46.
About Coffee
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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 unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.
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