Reed’s, Inc. (OTCMKTS:REED) Short Interest Update

Reed’s, Inc. (OTCMKTS:REED) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,000 shares, an increase of 46.3% from the February 28th total of 4,100 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are short sold.

Reed’s Stock Up 0.3 %

Shares of REED stock traded up $0.00 on Friday, hitting $1.39. The stock had a trading volume of 723 shares, compared to its average volume of 4,739. Reed’s has a one year low of $0.51 and a one year high of $2.42. The business has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.10. The company has a market cap of $11.38 million, a PE ratio of -0.34 and a beta of 0.96.

Reed’s (OTCMKTS:REED) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter. The company had revenue of $9.73 million for the quarter, compared to analysts’ expectations of $8.68 million. Equities research analysts expect that Reed’s will post -1.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Reed’s in a report on Tuesday, February 25th. They set a “sell” rating on the stock.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.