Barfresh Food Group, Inc. (NASDAQ:BRFH) Sees Significant Decrease in Short Interest

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 80,900 shares, a decline of 37.3% from the May 15th total of 129,000 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 737,600 shares, the days-to-cover ratio is presently 0.1 days.

Barfresh Food Group Stock Performance

NASDAQ BRFH traded up $0.84 on Friday, reaching $3.03. The company had a trading volume of 247,305 shares, compared to its average volume of 26,498. The company’s fifty day moving average is $1.55 and its 200-day moving average is $1.43. The firm has a market capitalization of $44.60 million, a price-to-earnings ratio of -16.83 and a beta of 0.28. Barfresh Food Group has a 1-year low of $1.00 and a 1-year high of $3.10.

Barfresh Food Group (NASDAQ:BRFH) last announced its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Barfresh Food Group had a negative return on equity of 121.51% and a negative net margin of 26.71%. The business had revenue of $2.83 million for the quarter, compared to analyst estimates of $2.20 million. On average, research analysts forecast that Barfresh Food Group will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Barfresh Food Group at the end of the most recent reporting period. 22.66% of the stock is owned by hedge funds and other institutional investors.

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.