Reborn Coffee, Inc. (NASDAQ:REBN) Sees Large Growth in Short Interest

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 429,700 shares, a growth of 25.1% from the January 15th total of 343,400 shares. Based on an average daily trading volume, of 2,340,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 17.1% of the company’s shares are sold short.

Reborn Coffee Trading Down 2.9 %

Shares of REBN stock traded down $0.12 on Friday, hitting $4.01. The stock had a trading volume of 188,790 shares, compared to its average volume of 7,037,221. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.41 and a quick ratio of 0.34. The firm has a market capitalization of $14.72 million, a P/E ratio of -2.77 and a beta of 2.40. Reborn Coffee has a 1 year low of $0.92 and a 1 year high of $8.80. The company’s 50 day moving average price is $2.15 and its 200-day moving average price is $2.42.

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.