Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Update

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 18.8% from the October 15th total of 36,700 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 16,900 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. HighTower Advisors LLC lifted its holdings in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the period. HighTower Advisors LLC owned about 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent quarter. 22.66% of the stock is owned by institutional investors.

Barfresh Food Group Price Performance

Shares of Barfresh Food Group stock traded up $0.01 during trading hours on Friday, reaching $3.00. The company’s stock had a trading volume of 7,391 shares, compared to its average volume of 240,290. The firm has a 50 day moving average price of $2.73 and a 200-day moving average price of $2.84. Barfresh Food Group has a one year low of $1.00 and a one year high of $4.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.05. The stock has a market cap of $44.25 million, a P/E ratio of -16.56 and a beta of 0.46.

Barfresh Food Group (NASDAQ:BRFH) last issued its earnings results on Thursday, October 24th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $3.64 million during the quarter, compared to the consensus estimate of $3.62 million. Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. During the same quarter in the prior year, the company earned ($0.04) earnings per share. On average, analysts predict that Barfresh Food Group will post -0.13 EPS for the current year.

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.