Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Drops By 64.2%

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 20,200 shares, a drop of 64.2% from the February 13th total of 56,400 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 210,500 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Coffee from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

Institutional Trading of Coffee

Several institutional investors and hedge funds have recently bought and sold shares of JVA. Bridgeway Capital Management LLC acquired a new stake in shares of Coffee during the fourth quarter valued at about $73,000. Dimensional Fund Advisors LP boosted its position in shares of Coffee by 153.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after purchasing an additional 19,518 shares during the period. Quinn Opportunity Partners LLC increased its holdings in Coffee by 37.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock valued at $190,000 after purchasing an additional 15,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Coffee by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock valued at $1,306,000 after purchasing an additional 52,500 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Coffee during the fourth quarter worth $120,000.

Coffee Trading Down 1.5 %

JVA stock traded down $0.10 during midday trading on Thursday, hitting $6.39. 153,259 shares of the company’s stock were exchanged, compared to its average volume of 117,371. Coffee has a 1-year low of $1.15 and a 1-year high of $9.93. The business has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $3.86. The stock has a market capitalization of $36.48 million, a PE ratio of 16.53 and a beta of 1.38.

Coffee Company Profile

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.