Reeds, Inc. (NYSEAMERICAN:REED) Sees Large Increase in Short Interest

Reeds, Inc. (NYSEAMERICAN:REED) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 36,388 shares, an increase of 57.3% from the May 14th total of 23,127 shares. Based on an average daily trading volume, of 47,668 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners lowered Reeds from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Reeds Price Performance

Shares of REED stock traded down $0.11 during trading hours on Tuesday, reaching $1.52. 17,065 shares of the company’s stock were exchanged, compared to its average volume of 32,875. Reeds has a fifty-two week low of $1.42 and a fifty-two week high of $12.00. The company has a current ratio of 1.11, a quick ratio of 0.58 and a debt-to-equity ratio of 0.31.

Reeds (NYSEAMERICAN:REED) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.55) EPS for the quarter. Reeds had a negative return on equity of 467.92% and a negative net margin of 65.03%.The business had revenue of $7.14 million for the quarter.

About Reeds

Reeds, Inc is a U.S.-based beverage company known for producing premium ginger drinks and other naturally inspired refreshment products. Its portfolio has historically included ginger beer, ginger ale, ginger candies, and related beverages made with ginger root and other simple ingredients.

The company markets its products primarily through retail, grocery, and specialty channels in the United States, and it has also served select international markets over time. Reeds has built its brand around bold ginger flavor and a focus on natural ingredients, appealing to consumers seeking alternative soft drinks and mixers.

Founded in the 1980s, Reeds has long positioned itself as a niche beverage maker with an emphasis on functional and distinctive flavor profiles.