Reborn Coffee, Inc. (NASDAQ:REBN) Stock Short Interest Jumps 54.9%

Reborn Coffee, Inc. (NASDAQ:REBN) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 131,329 shares, an increase of 54.9% from the August 31st total of 84,767 shares. Based on an average daily volume of 374,124 shares, the short-interest ratio is presently 0.4 days. Approximately 2.2% of the company’s stock are short sold.

Reborn Coffee Stock Up 8.1%

Shares of NASDAQ REBN opened at $1.73 on Friday. Reborn Coffee has a 1 year low of $0.65 and a 1 year high of $2.95. The firm has a market cap of $14.91 million, a price-to-earnings ratio of -3.93 and a beta of 1.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.64 and a current ratio of 0.65. The stock’s 50-day simple moving average is $1.23 and its 200-day simple moving average is $1.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Reborn Coffee from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Reborn Coffee Company Profile

Reborn Coffee, Inc is a specialty coffee company that operates under the Reborn Coffee brand. The company focuses on sourcing, processing, roasting and brewing specialty coffee, with an emphasis on quality and consistency throughout the coffee-production process.

Reborn Coffee’s offerings include brewed coffee, espresso-based beverages, cold drinks, teas and other café products, along with food items such as pastries. The company also sells roasted coffee and related products through its retail locations and online channels, and may serve wholesale and business customers.

Founded in 2015, Reborn Coffee has developed a café and roasting business primarily serving customers in the United States, with a presence centered in California and expansion through additional locations and distribution channels.