Reeds, Inc. (NYSEAMERICAN:REED) Stock Short Interest Climbs 156.8%

Reeds, Inc. (NYSEAMERICAN:REED) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 287,255 shares, an increase of 156.8% from the October 15th total of 111,878 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 6,012,267 shares, the days-to-cover ratio is currently 0.0 days.

Reeds Stock Up 10.9%

Shares of Reeds stock traded up $0.22 during trading on Friday, reaching $2.25. The company’s stock had a trading volume of 31,576 shares, compared to its average volume of 364,360. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.41 and a current ratio of 0.85. The stock has a market capitalization of $26.70 million, a P/E ratio of -1.39 and a beta of 0.24. Reeds has a 1-year low of $0.32 and a 1-year high of $7.35. The company has a 50-day moving average price of $0.77.

Reeds (NYSEAMERICAN:REED) last released its earnings results on Tuesday, November 10th. The company reported ($0.27) earnings per share for the quarter. The company had revenue of $6.51 million for the quarter. Reeds had a negative return on equity of 526.64% and a negative net margin of 61.80%.

Reeds Company Profile

Reed’s, Inc. is a beverage company that develops, produces, markets and distributes natural and craft-oriented non-alcoholic drinks. Its portfolio has historically centered on Reed’s, a brand known for ginger beer and other ginger-based beverages, and Virgil’s, which offers specialty root beer and other craft sodas. The company’s products are sold through retail and food-service channels, including supermarkets, natural and specialty food stores, convenience outlets, restaurants and online retailers.