Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Drops By 8.3%

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 40,000 shares, a decrease of 8.3% from the October 31st total of 43,600 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC raised its stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the period. HighTower Advisors LLC owned 0.88% of Barfresh Food Group worth $378,000 as of its most recent SEC filing. Institutional investors own 22.66% of the company’s stock.

Analyst Ratings Changes

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Monday, August 19th.

Barfresh Food Group Stock Up 1.7 %

Shares of BRFH stock traded up $0.05 during trading hours on Monday, reaching $2.99. 809 shares of the stock were exchanged, compared to its average volume of 231,278. The business’s fifty day moving average is $2.69 and its two-hundred day moving average is $2.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.05. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The firm has a market capitalization of $44.10 million, a P/E ratio of -16.33 and a beta of 0.46.

Barfresh Food Group (NASDAQ:BRFH) last released its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. The firm had revenue of $3.64 million for the quarter, compared to analysts’ expectations of $3.62 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, research analysts expect that Barfresh Food Group will post -0.13 EPS for the current fiscal year.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.