Reborn Coffee, Inc. (NASDAQ:REBN) Sees Large Growth in Short Interest

Reborn Coffee, Inc. (NASDAQ:REBNGet Free Report) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 83,053 shares, an increase of 80.8% from the February 26th total of 45,931 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 110,977 shares, the short-interest ratio is currently 0.7 days.

Reborn Coffee Price Performance

NASDAQ:REBN opened at $2.02 on Friday. The firm has a market capitalization of $12.08 million, a P/E ratio of -0.79 and a beta of 2.13. Reborn Coffee has a one year low of $1.36 and a one year high of $4.18. The company’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.90.

Institutional Trading of Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. XTX Topco Ltd purchased a new position in Reborn Coffee, Inc. (NASDAQ:REBNFree Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,950 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned approximately 0.21% of Reborn Coffee as of its most recent SEC filing. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reborn Coffee in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

View Our Latest Stock Analysis on Reborn Coffee

Reborn Coffee Company Profile

(Get Free Report)

Reborn Coffee, Inc, through its subsidiaries, operates and franchises retail locations, kiosks, and cafes that focus on serving specialty-roasted coffee in California. It purchases, roasts, and sells coffee, tea and other beverages, and various food items. It offers products in various form factors, such as whole bean roasted coffee bags, single-serve drip bags, and pour over packs. The company also offers its products online. Reborn Coffee, Inc was founded in 2014 and is headquartered in Brea, California.

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