Reed's, Inc. (OTCMKTS:REED) Sees Significant Decrease in Short Interest

Reed's, Inc. (OTCMKTS:REED - Get Free Report) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decrease of 81.8% from the March 31st total of 3,300 shares. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Reed's Stock Performance

Shares of OTCMKTS:REED traded up $0.02 during midday trading on Friday, hitting $1.85. 9,098 shares of the company's stock traded hands, compared to its average volume of 6,523. Reed's has a twelve month low of $0.51 and a twelve month high of $1.88. The company has a market cap of $83.94 million, a PE ratio of -0.46 and a beta of 0.62. The firm's fifty day moving average price is $1.43 and its two-hundred day moving average price is $1.13.

Reed's (OTCMKTS:REED - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.73 million during the quarter, compared to analyst estimates of $8.68 million. As a group, equities research analysts anticipate that Reed's will post -1.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

REED has been the subject of several recent research reports. StockNews.com initiated coverage on Reed's in a research report on Friday. They set a "sell" rating for the company. Roth Capital reiterated a "buy" rating on shares of Reed's in a research report on Wednesday.

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.

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