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.
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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