Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Rises By 363.0%

Reborn Coffee, Inc. (NASDAQ:REBN) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 174,100 shares, an increase of 363.0% from the October 31st total of 37,600 shares. Based on an average daily trading volume, of 70,100 shares, the days-to-cover ratio is currently 2.5 days. Currently, 7.4% of the shares of the stock are sold short.

Reborn Coffee Trading Down 6.5 %

Shares of REBN traded down $0.08 during trading hours on Wednesday, hitting $1.15. The company had a trading volume of 44,836 shares, compared to its average volume of 621,692. 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 52-week low of $0.92 and a 52-week high of $8.80. The stock’s 50 day moving average price is $2.17 and its 200 day moving average price is $3.78.

Institutional Trading of Reborn Coffee

An institutional investor recently bought a new position in Reborn Coffee stock. Renaissance Technologies LLC acquired a new stake in shares of Reborn Coffee, Inc. (NASDAQ:REBN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 reporting period. 1.76% of the stock is currently owned by institutional investors and hedge funds.

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.