What Will Happen to Reeds Inc (NASDAQ:REED) Next? The Stock Has Decline in Shorts

Reed's, Inc. (NASDAQ:REED) Logo

The stock of Reeds Inc (NASDAQ:REED) registered a decrease of 1.47% in short interest. REED’s total short interest was 528,600 shares in May as published by FINRA. Its down 1.47% from 536,500 shares, reported previously. With 119,300 shares average volume, it will take short sellers 4 days to cover their REED’s short positions.

The stock decreased 1.84% or $0.07 during the last trading session, reaching $3.74. About 165,176 shares traded. Reed's, Inc. (NASDAQ:REED) has risen 83.23% since May 15, 2018 and is uptrending. It has outperformed by 78.86% the S&P500.

ReedÂ’s, Inc. develops, manufactures, markets, and sells natural non-alcoholic carbonated soft drinks, Kombucha, candies, and ice creams in the United States, Canada, Europe, and Asia. The company has market cap of $125.28 million. The Company’s products include ReedÂ’s ginger brews; VirgilÂ’s root beer and cream sodas; Dr. It currently has negative earnings. Better and real cola products, such as ZERO diet sodas; Culture Club Kombucha, a fermented tea; China colas; ReedÂ’s Ginger candy and ice creams; Sonoma Sparkler and other juice based products; and coconut water, yogurt, and fresh juices.

More notable recent Reed's, Inc. (NASDAQ:REED) news were published by: Nasdaq.com which released: “6 Reasons Why You Should Buy Waddell & Reed (WDR) Stock Now – Nasdaq” on October 01, 2018, also Nasdaq.com with their article: “Whitestone REIT Chairman and CEO to Present at The Houston Bisnow Conference – Nasdaq” published on April 16, 2019, Benzinga.com published: “USA Truck, Inc. (NASDAQ:USAK) – USA Truck Reports Most Profitable First Quarter Results Since 2006 – Benzinga” on April 25, 2019. More interesting news about Reed's, Inc. (NASDAQ:REED) were released by: Seekingalpha.com and their article: “Netflix, Inc. (NFLX) CEO Reed Hastings on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” published on April 16, 2019 as well as Nasdaq.com‘s news article titled: “Netflix surges ahead of quarterly results report; Disney in focus – Nasdaq” with publication date: April 16, 2019.

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