Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Update

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 88,037 shares, an increase of 54.0% from the January 15th total of 57,157 shares. Based on an average daily trading volume, of 68,767 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the shares of the stock are short sold. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,767 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd purchased a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned about 0.21% of Reborn Coffee at the end of the most recent quarter. Institutional investors and hedge funds own 1.76% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reborn Coffee in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Reborn Coffee Trading Up 1.2%

Shares of NASDAQ:REBN traded up $0.02 during midday trading on Monday, hitting $1.67. The stock had a trading volume of 35,688 shares, compared to its average volume of 51,888. The stock has a 50 day moving average price of $1.67 and a two-hundred day moving average price of $2.08. Reborn Coffee has a 1 year low of $1.36 and a 1 year high of $8.30. The company has a market capitalization of $9.99 million, a PE ratio of -0.65 and a beta of 2.12.

Reborn Coffee (NASDAQ:REBN) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.68) earnings per share for the quarter. Reborn Coffee had a negative return on equity of 995.56% and a negative net margin of 191.48%.The company had revenue of $2.71 million for the quarter.

About Reborn Coffee

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.