Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Significant Increase in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 42,046 shares, an increase of 73.1% from the July 30th total of 24,285 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 51,202 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC boosted its position in shares of Coffee by 14.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock valued at $139,000 after purchasing an additional 4,612 shares in the last quarter. Empowered Funds LLC boosted its holdings in Coffee by 15.2% during the fourth quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock worth $135,000 after buying an additional 4,612 shares in the last quarter. Jane Street Group LLC acquired a new position in Coffee in the second quarter worth approximately $118,000. XTX Topco Ltd bought a new position in shares of Coffee in the second quarter valued at $77,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Coffee during the 1st quarter valued at $73,000.

Coffee Price Performance

Shares of JVA stock traded up $0.01 during trading hours on Monday, reaching $3.44. The stock had a trading volume of 6,344 shares, compared to its average volume of 79,641. The firm has a 50-day simple moving average of $3.45 and a 200-day simple moving average of $3.81. The firm has a market capitalization of $19.61 million, a PE ratio of 12.27 and a beta of 1.41. Coffee has a twelve month low of $2.93 and a twelve month high of $5.63.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, June 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $22.13 million for the quarter, compared to analyst estimates of $24.60 million. Coffee had a return on equity of 5.41% and a net margin of 1.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. DA Davidson set a $10.00 price target on shares of Coffee in a research report on Wednesday, August 12th. Weiss Ratings downgraded Coffee from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Piper Sandler assumed coverage on Coffee in a research report on Monday, June 8th. They issued a “neutral” rating and a $9.00 target price for the company. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Coffee currently has a consensus rating of “Hold” and a consensus target price of $9.50.

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.