Short Interest in Reed's, Inc. (REED) Expands By 30.8%

Reed's, Inc. (NYSEAMERICAN:REED) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 472,412 shares, a growth of 30.8% from the November 30th total of 361,151 shares. Based on an average daily volume of 99,769 shares, the days-to-cover ratio is currently 4.7 days. Approximately 5.1% of the company’s stock are short sold.

Reed's (NYSEAMERICAN:REED) remained flat at $$1.70 during trading hours on Thursday. The stock had a trading volume of 37,800 shares, compared to its average volume of 114,857. Reed's has a fifty-two week low of $1.30 and a fifty-two week high of $4.75. The firm has a market capitalization of $25.99, a P/E ratio of -2.50 and a beta of 0.84.

In related news, Director John Bello bought 266,403 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $1.50 per share, for a total transaction of $399,604.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Raptor/Harbor Reeds Spv Llc bought 2,666,667 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were bought at an average price of $1.50 per share, with a total value of $4,000,000.50. Following the purchase, the insider now owns 3,433,334 shares in the company, valued at approximately $5,150,001. The disclosure for this purchase can be found here. Insiders have purchased 3,199,473 shares of company stock valued at $4,799,210 in the last 90 days.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in Reed's by 46.3% in the 1st quarter. Renaissance Technologies LLC now owns 87,900 shares of the consumer goods maker’s stock valued at $365,000 after buying an additional 27,800 shares during the period. Vanguard Group Inc. increased its holdings in Reed's by 9.1% in the 2nd quarter. Vanguard Group Inc. now owns 253,466 shares of the consumer goods maker’s stock valued at $621,000 after buying an additional 21,200 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in Reed's in the 2nd quarter valued at about $1,086,000.

ILLEGAL ACTIVITY NOTICE: This report was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at

About Reed's

Reed’s, Inc develops, manufactures, markets and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies and ice creams. The Company manufactures, licenses, markets and sells several product lines, such as Reed’s Ginger Brews; Virgil’s Root Beer, Cream Sodas, Dr. Better and Real Cola, including ZERO diet sodas; Culture Club Kombucha; China Colas; Reed’s Ginger candy and ice creams, and Sonoma Sparkler and other juice based products.

Receive News & Ratings for Reed's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reed's and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply