Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Increases By 27.9%

Posted by Alanna Baker on Dec 31st, 2024

Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 363,600 shares, an increase of 27.9% from the November 30th total of 284,300 shares. Based on an average trading volume of 94,200 shares, the short-interest ratio is currently 3.9 days. Currently, 14.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Reborn Coffee stock. Renaissance Technologies LLC purchased a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned about 0.45% of Reborn Coffee as of its most recent SEC filing. 1.76% of the stock is currently owned by hedge funds and other institutional investors.

Reborn Coffee Stock Performance

Shares of NASDAQ:REBN traded up $0.01 during midday trading on Tuesday, hitting $1.66. The company’s stock had a trading volume of 54,160 shares, compared to its average volume of 576,440. The stock has a market capitalization of $6.10 million, a price-to-earnings ratio of -1.14 and a beta of 2.69. Reborn Coffee has a fifty-two week low of $0.92 and a fifty-two week high of $8.80. The stock’s 50 day simple moving average is $1.46 and its 200 day simple moving average is $3.30. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.34 and a current ratio of 0.41.

About Reborn Coffee

(Get Free Report)

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.