Reborn Coffee, Inc. (NASDAQ:REBN – Get Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 323,300 shares, a decrease of 20.3% from the February 13th total of 405,700 shares. Based on an average daily trading volume, of 2,600,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 16.8% of the shares of the stock are sold short.
Institutional Investors Weigh In On Reborn Coffee
An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC lifted its stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN – Free Report) by 33.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,177 shares of the company’s stock after buying an additional 5,554 shares during the period. Citadel Advisors LLC owned about 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. 1.76% of the stock is owned by institutional investors.
Reborn Coffee Price Performance
Reborn Coffee stock traded down $0.11 during mid-day trading on Wednesday, reaching $4.74. 21,835 shares of the company were exchanged, compared to its average volume of 1,219,835. The firm has a market cap of $17.41 million, a PE ratio of -3.27 and a beta of 2.17. Reborn Coffee has a 12 month low of $0.95 and a 12 month high of $8.80. 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 company has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $2.60.
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.
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