Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Up 25.1% in January

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a large growth in short interest in 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 volume of 2,340,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 17.1% of the company’s stock are sold short.

Reborn Coffee Stock Down 2.9 %

REBN traded down $0.12 on Friday, hitting $4.01. 188,790 shares of the company were exchanged, compared to its average volume of 7,037,221. Reborn Coffee has a twelve month low of $0.92 and a twelve month high of $8.80. The company has a market cap of $14.72 million, a price-to-earnings ratio of -2.77 and a beta of 2.40. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $2.15 and a two-hundred day moving average price of $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.