Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Increases By 276.0%

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 28,200 shares, an increase of 276.0% from the April 15th total of 7,500 shares. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are short sold.

Coffee Price Performance

NASDAQ JVA opened at $1.51 on Friday. The firm has a market cap of $8.62 million, a P/E ratio of 152.00 and a beta of 1.22. The stock’s 50-day moving average is $1.49 and its two-hundred day moving average is $1.14. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $1.85.

Coffee (NASDAQ:JVA) last announced its earnings results on Monday, March 18th. The company reported $0.06 earnings per share (EPS) for the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%. The firm had revenue of $19.54 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Coffee in a report on Friday. They issued a “hold” rating on the stock.

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.