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

Bridgford Foods Co. (NASDAQ:BRID) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 8,300 shares, an increase of 36.1% from the October 15th total of 6,100 shares. Based on an average trading volume of 17,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC acquired a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,980 shares of the company’s stock, valued at approximately $200,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Bridgford Foods Price Performance

Bridgford Foods stock traded up $0.22 during midday trading on Friday, reaching $9.18. 7,472 shares of the stock were exchanged, compared to its average volume of 7,239. The company’s fifty day moving average is $9.05 and its 200-day moving average is $9.79. 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 52 week low of $7.77 and a 52 week high of $14.69.

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

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.