Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Update

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 6,368 shares, a drop of 50.6% from the January 29th total of 12,894 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 70,467 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 70,467 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Coffee Price Performance

Shares of NASDAQ:JVA traded down $0.03 during midday trading on Friday, reaching $3.12. The company’s stock had a trading volume of 9,201 shares, compared to its average volume of 52,319. Coffee has a fifty-two week low of $2.75 and a fifty-two week high of $9.93. The company has a market capitalization of $17.82 million, a P/E ratio of 12.48 and a beta of 1.63. The business’s fifty day simple moving average is $3.51 and its 200-day simple moving average is $3.91.

Coffee (NASDAQ:JVA) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.15 EPS for the quarter. Coffee had a net margin of 1.45% and a return on equity of 5.11%. The business had revenue of $27.75 million for the quarter.

Coffee Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 10th were given a $0.08 dividend. The ex-dividend date was Tuesday, February 10th. Coffee’s dividend payout ratio (DPR) is presently 32.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Coffee currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Coffee

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP acquired a new position in shares of Coffee in the 2nd quarter valued at approximately $285,000. Bridgeway Capital Management LLC raised its holdings in Coffee by 14.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock worth $139,000 after buying an additional 4,612 shares during the period. Empowered Funds LLC lifted its stake in Coffee by 15.2% in the fourth quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock valued at $135,000 after buying an additional 4,612 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Coffee in the second quarter valued at approximately $118,000. Finally, XTX Topco Ltd acquired a new position in shares of Coffee in the second quarter valued at 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.