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

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 56,400 shares, a growth of 347.6% from the January 31st total of 12,600 shares. Based on an average trading volume of 176,600 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Coffee

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC bought a new stake in shares of Coffee in the 4th quarter worth about $73,000. Dimensional Fund Advisors LP lifted its stake in shares of Coffee by 153.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after purchasing an additional 19,518 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in shares of Coffee by 37.1% in the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock valued at $190,000 after purchasing an additional 15,000 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Coffee by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock valued at $1,306,000 after purchasing an additional 52,500 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Coffee in the 4th quarter valued at approximately $120,000.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Coffee from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

Coffee Stock Down 7.3 %

Shares of NASDAQ JVA opened at $5.82 on Friday. The firm’s 50-day moving average price is $4.43 and its 200-day moving average price is $3.55. Coffee has a 52-week low of $1.15 and a 52-week high of $6.53. The company has a market cap of $33.23 million, a PE ratio of 14.92 and a beta of 1.42.

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.