Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 9,200 shares, a growth of 9.5% from the January 31st total of 8,400 shares. Based on an average daily volume of 26,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are short sold.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on shares of Coffee in a research report on Wednesday, February 28th. They set a “hold” rating on the stock.
Check Out Our Latest Report on JVA
Coffee Price Performance
Coffee (NASDAQ:JVA – Get Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $0.03 earnings per share (EPS) for the quarter. Coffee had a negative net margin of 1.23% and a negative return on equity of 3.52%. The company had revenue of $18.76 million for the quarter.
Hedge Funds Weigh In On Coffee
Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new position in Coffee in the 1st quarter valued at about $27,000. Citadel Advisors LLC lifted its position in shares of Coffee by 50.2% during the 2nd quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock worth $32,000 after buying an additional 7,699 shares in the last quarter. Millennium Management LLC bought a new position in shares of Coffee during the 4th quarter worth approximately $43,000. Raymond James & Associates lifted its position in shares of Coffee by 78.9% during the 2nd quarter. Raymond James & Associates now owns 39,000 shares of the company’s stock worth $54,000 after buying an additional 17,200 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Coffee by 9.4% during the 1st quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock worth $344,000 after buying an additional 15,829 shares in the last quarter.
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 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.
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