Short Interest in Bridgford Foods Co. (NASDAQ:BRID) Expands By 41.2%

Bridgford Foods Co. (NASDAQ:BRID) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 7,200 shares, an increase of 41.2% from the September 15th total of 5,100 shares. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

Bridgford Foods Trading Up 0.2 %

NASDAQ BRID opened at $9.00 on Tuesday. Bridgford Foods has a fifty-two week low of $7.77 and a fifty-two week high of $14.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. The stock has a 50 day simple moving average of $9.82 and a two-hundred day simple moving average of $10.08. The stock has a market cap of $81.69 million, a P/E ratio of 52.94 and a beta of -0.63.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings data on Friday, August 23rd. The company reported ($0.20) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 0.79% and a negative net margin of 0.44%. The business had revenue of $49.26 million during the quarter.

Bridgford Foods Company Profile

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.