Coffee Holding Co., Inc. (NASDAQ:JVA) Short Interest Up 347.6% in February

Coffee Holding Co., Inc. (NASDAQ:JVA) was the target 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 daily volume of 176,600 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Coffee Price Performance

Shares of Coffee stock traded up $0.07 on Friday, reaching $5.89. 111,924 shares of the company traded hands, compared to its average volume of 197,720. Coffee has a 52 week low of $1.15 and a 52 week high of $6.53. The company has a 50 day moving average of $4.48 and a 200 day moving average of $3.58. The firm has a market capitalization of $33.63 million, a PE ratio of 15.10 and a beta of 1.42.

Institutional Trading of Coffee

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

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.