Short Interest in Coffee Holding Co., Inc. (NASDAQ:JVA) Expands By 32.7%

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 19,900 shares, a growth of 32.7% from the July 15th total of 15,000 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 66,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC grew its stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Coffee in a research report on Wednesday. They issued a “hold” rating on the stock.

Coffee Price Performance

NASDAQ:JVA traded up $0.07 during trading hours on Thursday, reaching $2.12. 10,141 shares of the company were exchanged, compared to its average volume of 52,224. Coffee has a 52-week low of $0.67 and a 52-week high of $3.25. The stock has a 50 day simple moving average of $2.04 and a 200 day simple moving average of $1.62. The firm has a market cap of $12.13 million, a price-to-earnings ratio of 30.35 and a beta of 1.31.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.