Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Up 180.0% in August

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 22,400 shares, an increase of 180.0% from the August 15th total of 8,000 shares. Based on an average daily volume of 64,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Coffee in a research report on Saturday, September 7th. They issued a “hold” rating for the company.

Coffee Price Performance

Shares of JVA remained flat at $2.17 during trading hours on Friday. 32,196 shares of the stock traded hands, compared to its average volume of 49,913. Coffee has a 52 week low of $0.67 and a 52 week high of $3.25. The business’s fifty day simple moving average is $2.24 and its 200-day simple moving average is $1.77.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC increased its stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned about 5.68% of Coffee worth $759,000 as of its most recent SEC filing.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.