Reborn Coffee, Inc. (NASDAQ:REBN) Short Interest Up 27.9% in December

Reborn Coffee, Inc. (NASDAQ:REBN) saw a large increase in short interest in 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. Currently, 14.4% of the company’s shares are short sold. Based on an average daily trading volume, of 94,200 shares, the days-to-cover ratio is currently 3.9 days.

Institutional Investors Weigh In On Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC bought a new position in shares of Reborn Coffee, Inc. (NASDAQ:REBN) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,000 shares of the company’s stock, valued at approximately $105,000. Renaissance Technologies LLC owned 0.45% of Reborn Coffee at the end of the most recent quarter. 1.76% of the stock is currently owned by institutional investors.

Reborn Coffee Trading Up 0.6 %

NASDAQ REBN traded up $0.01 during trading hours 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 fifty day moving average of $1.46 and a 200 day moving average of $3.30. 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 twelve month low of $0.92 and a twelve month high of $8.80. The firm has a market capitalization of $6.10 million, a P/E ratio of -1.14 and a beta of 2.69.

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.