Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Down 11.8% in December

Coffee Holding Co., Inc. (NASDAQ:JVA) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 28,300 shares, a decline of 11.8% from the December 15th total of 32,100 shares. Based on an average daily volume of 108,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s stock are sold short.

Coffee Stock Performance

Shares of JVA stock traded down $0.10 during mid-day trading on Friday, hitting $3.66. 266,229 shares of the stock were exchanged, compared to its average volume of 87,676. The stock’s fifty day simple moving average is $3.71 and its two-hundred day simple moving average is $3.01. Coffee has a 12-month low of $1.01 and a 12-month high of $4.66.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Coffee from a “buy” rating to a “hold” rating in a research report on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Coffee in the third quarter valued at about $34,000. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the 3rd quarter worth $32,000. Finally, Renaissance Technologies LLC increased its holdings in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after acquiring an additional 8,900 shares in the last quarter.

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.