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

Reborn Coffee, Inc. (NASDAQ:REBN) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 174,100 shares, a growth of 363.0% from the October 31st total of 37,600 shares. Currently, 7.4% of the shares of the company are sold short. Based on an average daily trading volume, of 70,100 shares, the days-to-cover ratio is presently 2.5 days.

Reborn Coffee Stock Performance

REBN stock traded down $0.08 during midday trading on Wednesday, reaching $1.15. 44,836 shares of the company’s stock traded hands, compared to its average volume of 621,692. The company has a 50-day moving average price of $2.17 and a two-hundred day moving average price of $3.78. Reborn Coffee has a 52 week low of $0.92 and a 52 week high of $8.80. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC purchased a new position in Reborn Coffee, Inc. (NASDAQ:REBN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned approximately 0.45% of Reborn Coffee at the end of the most recent quarter. Institutional investors own 1.76% of the company’s stock.

About Reborn Coffee

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.