Reed's, Inc. (OTCMKTS:REED) Short Interest Update

Reed's, Inc. (OTCMKTS:REED - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,300 shares, a decline of 45.0% from the March 15th total of 6,000 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Capital set a $1.75 price objective on shares of Reed's in a report on Thursday, March 27th. StockNews.com began coverage on shares of Reed's in a research note on Thursday. They issued a "sell" rating for the company.

Reed's Trading Up 9.0 %

Reed's stock traded up $0.14 during trading hours on Monday, hitting $1.69. 74,039 shares of the stock traded hands, compared to its average volume of 6,168. Reed's has a one year low of $0.51 and a one year high of $1.89. The firm's 50-day moving average price is $1.38 and its two-hundred day moving average price is $1.11. The company has a market cap of $76.68 million, a PE ratio of -0.42 and a beta of 0.62.

Reed's (OTCMKTS:REED - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $9.73 million during the quarter, compared to analyst estimates of $8.68 million. On average, sell-side analysts expect that Reed's will post -1.22 earnings per share for the current fiscal year.

About Reed's

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.