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

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 429,700 shares, an increase 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 presently 0.2 days. Approximately 17.1% of the company’s stock are sold short.

Reborn Coffee Stock Performance

Shares of NASDAQ REBN traded down $0.12 during midday trading on Friday, hitting $4.01. 188,790 shares of the company’s stock were exchanged, compared to its average volume of 7,037,221. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19. Reborn Coffee has a 12 month low of $0.92 and a 12 month high of $8.80. The company’s 50 day moving average price is $2.15 and its 200 day moving average price is $2.41. The firm has a market capitalization of $14.72 million, a PE ratio of -2.77 and a beta of 2.40.

About Reborn Coffee

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.