Short Interest in Reed's, Inc. (OTCMKTS:REED) Decreases By 81.8%

Reed's, Inc. (OTCMKTS:REED - Get Free Report) was the recipient of a large 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 trading volume, of 13,800 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company's shares are sold short.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on Reed's in a report on Thursday. They set a "sell" rating on the stock. Roth Capital reissued a "buy" rating on shares of Reed's in a research report on Wednesday, April 23rd.

Reed's Stock Up 2.8 %

OTCMKTS REED traded up $0.05 on Thursday, reaching $1.84. The company had a trading volume of 6,670 shares, compared to its average volume of 6,728. The stock has a market capitalization of $83.48 million, a P/E ratio of -0.45 and a beta of 0.62. The company's fifty day moving average is $1.47 and its 200 day moving average is $1.14. Reed's has a 52-week low of $0.51 and a 52-week high of $1.93.

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

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.