Coffee Holding Co., Inc. (NASDAQ:JVA) Sees Large Growth in Short Interest

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 42,046 shares, a growth of 73.1% from the July 30th total of 24,285 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 51,202 shares, the short-interest ratio is presently 0.8 days.

Coffee Price Performance

NASDAQ:JVA opened at $3.43 on Wednesday. The company’s 50-day moving average is $3.45 and its two-hundred day moving average is $3.81. Coffee has a 1-year low of $2.93 and a 1-year high of $5.63. The firm has a market capitalization of $19.59 million, a price-to-earnings ratio of 12.25 and a beta of 1.44.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, June 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $22.13 million for the quarter, compared to analyst estimates of $24.60 million. Coffee had a return on equity of 5.41% and a net margin of 1.53%.

Hedge Funds Weigh In On Coffee

Large investors have recently modified their holdings of the business. Bridgeway Capital Management LLC raised its holdings in Coffee by 14.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock valued at $139,000 after buying an additional 4,612 shares during the period. Empowered Funds LLC increased its position in shares of Coffee by 15.2% during the fourth quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock valued at $135,000 after acquiring an additional 4,612 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Coffee in the 2nd quarter valued at approximately $118,000. XTX Topco Ltd purchased a new stake in shares of Coffee in the 2nd quarter valued at approximately $77,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Coffee in the 1st quarter worth approximately $73,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Piper Sandler assumed coverage on Coffee in a report on Monday, June 8th. They issued a “neutral” rating and a $9.00 target price for the company. Finally, DA Davidson set a $10.00 target price on Coffee in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Coffee currently has a consensus rating of “Hold” and an average target price of $9.50.

Coffee Company Profile

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.