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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 10,458 shares, a growth of 64.2% from the February 12th total of 6,368 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 24,894 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 24,894 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Coffee Price Performance

NASDAQ JVA traded up $0.01 on Friday, reaching $3.13. The company had a trading volume of 41,541 shares, compared to its average volume of 26,430. Coffee has a 1 year low of $2.75 and a 1 year high of $6.69. The firm has a 50-day moving average of $3.37 and a 200-day moving average of $3.84. The firm has a market capitalization of $17.87 million, a PE ratio of 12.52 and a beta of 1.62.

Coffee (NASDAQ:JVA) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $27.75 million for the quarter. Coffee had a net margin of 1.45% and a return on equity of 5.11%.

Coffee Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 10th were issued a $0.08 dividend. The ex-dividend date was Tuesday, February 10th. Coffee’s payout ratio is currently 32.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Coffee from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Coffee during the first quarter worth about $73,000. Allworth Financial LP purchased a new position in Coffee in the second quarter valued at about $285,000. XTX Topco Ltd acquired a new stake in Coffee during the 2nd quarter valued at approximately $77,000. Jump Financial LLC acquired a new stake in Coffee during the 2nd quarter valued at approximately $58,000. Finally, Jane Street Group LLC purchased a new stake in Coffee during the 2nd quarter worth approximately $118,000.

About Coffee

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.