Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Drops By 20.3%

Reborn Coffee, Inc. (NASDAQ:REBN) saw a significant decrease in short interest in the month of 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 volume of 2,600,000 shares, the short-interest ratio is presently 0.1 days. Approximately 16.8% of the shares of the company are short sold.

Institutional Trading of Reborn Coffee

An institutional investor recently raised its position in Reborn Coffee stock. Citadel Advisors LLC grew its holdings in shares of Reborn Coffee, Inc. (NASDAQ:REBN) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,177 shares of the company’s stock after purchasing an additional 5,554 shares during the period. Citadel Advisors LLC owned 0.60% of Reborn Coffee worth $37,000 as of its most recent SEC filing. 1.76% of the stock is currently owned by institutional investors and hedge funds.

Reborn Coffee Stock Performance

Shares of NASDAQ:REBN traded up $0.08 on Tuesday, reaching $4.85. 154,115 shares of the company’s stock were exchanged, compared to its average volume of 1,219,923. The firm has a market capitalization of $17.81 million, a price-to-earnings ratio of -3.34 and a beta of 2.17. Reborn Coffee has a fifty-two week low of $0.95 and a fifty-two week high of $8.80. The business’s 50-day moving average is $3.50 and its two-hundred day moving average is $2.59. 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 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.