Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 53.1% in August

Coffee Holding Co., Inc. (NASDAQ:JVA) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,731 shares, a decrease of 53.1% from the August 15th total of 42,046 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 41,767 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JVA. Piper Sandler started coverage on Coffee in a research report on Monday, June 8th. They set a “neutral” rating and a $9.00 price target on the stock. DA Davidson set a $10.00 price objective on Coffee in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.50.

Coffee Price Performance

JVA opened at $3.86 on Monday. The firm’s fifty day simple moving average is $3.48 and its two-hundred day simple moving average is $3.83. Coffee has a 52-week low of $2.93 and a 52-week high of $5.63. The company has a market cap of $22.04 million, a price-to-earnings ratio of 4.60 and a beta of 1.44.

Coffee (NASDAQ:JVA) last released its earnings results on Friday, September 11th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.34. Coffee had a net margin of 4.85% and a return on equity of 16.57%. The business had revenue of $21.69 million during the quarter, compared to analysts’ expectations of $23.00 million.

Institutional Investors Weigh In On Coffee

Large investors have recently bought and sold shares of the company. DRW Securities LLC purchased a new position in shares of Coffee in the fourth quarter valued at approximately $261,000. Two Sigma Investments LP boosted its stake in shares of Coffee by 53.8% in the third quarter. Two Sigma Investments LP now owns 44,919 shares of the company’s stock worth $205,000 after acquiring an additional 15,711 shares during the last quarter. Empowered Funds LLC increased its position in shares of 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 purchasing an additional 4,612 shares in the last quarter. Bridgeway Capital Management LLC increased its position in shares of Coffee by 14.5% during the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after purchasing an additional 3,389 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Coffee during the second quarter worth approximately $77,000.

About Coffee

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.