Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 53.1% in August

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,731 shares, a decrease of 53.1% from the August 15th total of 42,046 shares. Based on an average daily trading volume, of 41,767 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Coffee

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Coffee during the fourth quarter worth $42,000. Virtu Financial LLC purchased a new position in Coffee in the third quarter valued at $53,000. Jump Financial LLC purchased a new position in Coffee in the second quarter valued at $58,000. Acadian Asset Management LLC purchased a new position in Coffee in the first quarter valued at $73,000. Finally, Bridgeway Capital Management LLC raised its position in shares of Coffee by 14.5% in the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after acquiring an additional 3,389 shares during the period.

Analyst Upgrades and Downgrades

JVA has been the subject of several research reports. DA Davidson set a $10.00 price objective on shares of Coffee in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Finally, Piper Sandler began coverage on shares of Coffee in a report on Monday, June 8th. They set a “neutral” rating and a $9.00 target price for the company. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.50.

Coffee Price Performance

Shares of JVA opened at $3.86 on Monday. The company has a market capitalization of $22.04 million, a price-to-earnings ratio of 4.60 and a beta of 1.44. Coffee has a 52 week low of $2.93 and a 52 week high of $5.63. The stock’s 50-day moving average price is $3.48 and its 200-day moving average price is $3.83.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, September 11th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.34. Coffee had a return on equity of 16.57% and a net margin of 4.85%.The company had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $23.00 million.

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.