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

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 6,400 shares, a drop of 13.5% from the December 15th total of 7,400 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.9 days.

Bridgford Foods Trading Down 1.4 %

Shares of BRID traded down $0.15 during mid-day trading on Friday, reaching $10.34. 151 shares of the company were exchanged, compared to its average volume of 1,959. The business has a 50 day simple moving average of $10.00 and a two-hundred day simple moving average of $9.77. 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 market capitalization of $93.89 million, a PE ratio of -93.99 and a beta of -0.65. Bridgford Foods has a 52 week low of $7.77 and a 52 week high of $14.69.

Hedge Funds Weigh In On Bridgford Foods

A hedge fund recently raised its stake in Bridgford Foods stock. Geode Capital Management LLC raised its position in Bridgford Foods Co. (NASDAQ:BRID) by 29.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,150 shares of the company’s stock after buying an additional 5,558 shares during the period. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 as of its most recent filing with the SEC. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

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.