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

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 41,300 shares, an increase of 11.0% from the August 31st total of 37,200 shares. Based on an average trading volume of 26,700 shares, the short-interest ratio is presently 1.5 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Greenridge Global raised Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a report on Monday, August 19th.

Barfresh Food Group Price Performance

Shares of BRFH stock traded up $0.07 during trading hours on Tuesday, reaching $2.91. 2,161 shares of the company traded hands, compared to its average volume of 282,105. The firm has a 50-day moving average price of $3.34 and a 200 day moving average price of $2.52. The company has a market cap of $42.84 million, a P/E ratio of -16.17 and a beta of 0.44. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Barfresh Food Group had a negative return on equity of 131.72% and a negative net margin of 29.91%. The firm had revenue of $1.46 million for the quarter, compared to analysts’ expectations of $2.27 million. During the same period last year, the company earned ($0.06) earnings per share. Sell-side analysts predict that Barfresh Food Group will post -0.12 EPS for the current year.

Institutional Trading of Barfresh Food Group

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

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.