Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 35.7% in June

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 22,900 shares, a drop of 35.7% from the May 30th total of 35,600 shares. Based on an average daily trading volume, of 56,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.5% of the shares of the company are sold short.

JVA traded down $0.16 during midday trading on Friday, reaching $4.25. The company’s stock had a trading volume of 18,108 shares, compared to its average volume of 41,592. The stock has a market capitalization of $23.67 million, a PE ratio of 110.25 and a beta of 1.66. The firm has a fifty day simple moving average of $4.28. Coffee has a twelve month low of $3.53 and a twelve month high of $7.79.

Coffee (NASDAQ:JVA) last announced its quarterly earnings data on Wednesday, June 19th. The company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.10). Coffee had a return on equity of 0.74% and a net margin of 0.21%. The firm had revenue of $20.72 million during the quarter.

Several hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC lifted its position in shares of Coffee by 3.3% in the 4th quarter. Ancora Advisors LLC now owns 296,695 shares of the company’s stock worth $1,047,000 after acquiring an additional 9,545 shares during the period. Algert Global LLC lifted its position in shares of Coffee by 89.6% in the 1st quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after acquiring an additional 13,237 shares during the period. Bailard Inc. bought a new stake in shares of Coffee in the 1st quarter worth approximately $95,000. Acadian Asset Management LLC lifted its position in shares of Coffee by 486.6% in the 1st quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after acquiring an additional 53,864 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in shares of Coffee in the 1st quarter worth approximately $659,000. Institutional investors own 31.18% of the company’s stock.

A number of research firms have issued reports on JVA. ValuEngine raised YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. TheStreet lowered YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th.

Coffee Company Profile

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.

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