The stock of Reeds Incorporated (NYSEMKT:REED) registered a decrease of 5.94% in short interest. REED’s total short interest was 177,300 shares in March as published by FINRA. Its down 5.94% from 188,500 shares, reported previously. With 17,300 shares average volume, it will take short sellers 10 days to cover their REED’s short positions. The short interest to Reeds Incorporated’s float is 1.79%. The stock increased 1.79% or $0.09 on March 11, hitting $5.12. About 18,551 shares traded hands or 2.89% up from the average. Reed’s, Inc. (NYSEMKT:REED) has declined 17.02% since August 6, 2015 and is downtrending. It has underperformed by 11.77% the S&P500.
Reed’s, Inc. develops,…
Read The Rest of The Story Here.