Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Update

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 84,767 shares, a drop of 34.4% from the August 15th total of 129,178 shares. Based on an average daily trading volume, of 39,141 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Reborn Coffee in a report on Friday, September 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Reborn Coffee Stock Up 1.9%

Shares of REBN traded up $0.02 during mid-day trading on Friday, reaching $0.85. The company’s stock had a trading volume of 8,493 shares, compared to its average volume of 92,907. The company has a market cap of $7.33 million, a price-to-earnings ratio of -0.67 and a beta of 1.95. The business has a fifty day moving average of $1.25 and a 200 day moving average of $1.74. The company has a quick ratio of 0.87, a current ratio of 0.65 and a debt-to-equity ratio of 0.64. Reborn Coffee has a 1 year low of $0.65 and a 1 year high of $2.95.

Reborn Coffee (NASDAQ:REBN) last issued its quarterly earnings results on Monday, September 14th. The company reported ($0.20) earnings per share for the quarter. Reborn Coffee had a negative net margin of 37.56% and a negative return on equity of 354.56%. The business had revenue of $6.32 million for the quarter.

Reborn Coffee Company Profile

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.