Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 8,300 shares, a growth of 36.1% from the October 15th total of 6,100 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the company’s stock are sold short.

Bridgford Foods Trading Up 0.8 %

Shares of BRID stock traded up $0.07 during trading hours on Thursday, hitting $8.68. 595 shares of the company were exchanged, compared to its average volume of 7,230. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. Bridgford Foods has a one year low of $7.77 and a one year high of $14.69. The business’s 50-day simple moving average is $9.09 and its two-hundred day simple moving average is $9.79.

Bridgford Foods (NASDAQ:BRID) last issued its earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share (EPS) 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.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC bought a new position in Bridgford Foods Co. (NASDAQ:BRID) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is owned by institutional investors and hedge funds.

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.