Short Interest in Reborn Coffee, Inc. (NASDAQ:REBN) Grows By 27.9%

Reborn Coffee, Inc. (NASDAQ:REBN) was the recipient of a significant increase in short interest during 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 shares of the company are short sold. Based on an average daily volume of 94,200 shares, the short-interest ratio is currently 3.9 days.

Institutional Inflows and Outflows

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) during the 2nd quarter, according to its most recent disclosure 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. Hedge funds and other institutional investors own 1.76% of the company’s stock.

Reborn Coffee Stock Performance

Shares of REBN traded up $0.01 during midday trading on Tuesday, reaching $1.66. 54,160 shares of the stock were exchanged, compared to its average volume of 576,440. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 0.19. The company has a market cap of $6.10 million, a P/E ratio of -1.14 and a beta of 2.69. The stock’s 50 day simple moving average is $1.46 and its 200 day simple moving average is $3.30. Reborn Coffee has a twelve month low of $0.92 and a twelve month high of $8.80.

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.