Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 14.4% in April

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 23,685 shares, a drop of 14.4% from the March 31st total of 27,659 shares. Based on an average daily trading volume, of 56,539 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s shares are short sold.

Coffee Stock Up 3.2%

NASDAQ:JVA traded up $0.15 on Friday, reaching $4.80. The company’s stock had a trading volume of 34,330 shares, compared to its average volume of 54,393. Coffee has a 12-month low of $2.93 and a 12-month high of $5.63. The firm has a market cap of $27.41 million, a price-to-earnings ratio of 14.12 and a beta of 1.41. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $3.83.

Coffee (NASDAQ:JVA) last posted its earnings results on Monday, March 16th. The company reported $0.29 EPS for the quarter. Coffee had a return on equity of 6.82% and a net margin of 1.88%.The company had revenue of $25.57 million for the quarter.

Institutional Investors Weigh In On Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new stake in shares of Coffee in the 3rd quarter valued at $322,000. DRW Securities LLC purchased a new stake in shares of Coffee in the 4th quarter valued at $261,000. Jane Street Group LLC purchased a new stake in shares of Coffee in the 2nd quarter valued at $118,000. Acadian Asset Management LLC purchased a new stake in shares of Coffee in the 1st quarter valued at $73,000. Finally, XTX Topco Ltd purchased a new stake in shares of Coffee in the 2nd quarter valued at $77,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 4th. Wall Street Zen upgraded Coffee to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Coffee Company Profile

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.