Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Declines By 23.8%

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 11,200 shares, a decrease of 23.8% from the August 15th total of 14,700 shares. Based on an average daily volume of 37,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Shares of JVA traded up $0.11 during mid-day trading on Wednesday, hitting $3.47. The company’s stock had a trading volume of 6,340 shares, compared to its average volume of 29,862. The company’s 50-day moving average is $3.25 and its 200-day moving average is $2.99. Coffee has a 52-week low of $1.76 and a 52-week high of $5.20. The firm has a market capitalization of $19.32 million, a price-to-earnings ratio of -347,000.00 and a beta of 1.81.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, September 11th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Coffee had a return on equity of 0.03% and a net margin of 0.01%.

Coffee Company Profile

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 to coffee shop operators.

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