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

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 37,500 shares, a decrease of 6.3% from the November 15th total of 40,000 shares. Based on an average daily volume of 16,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Trading of Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. Geode Capital Management LLC grew its holdings in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,391 shares of the company’s stock after acquiring an additional 7,718 shares during the period. Geode Capital Management LLC owned about 0.61% of Barfresh Food Group worth $260,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 22.66% of the company’s stock.

Barfresh Food Group Stock Performance

Shares of BRFH traded up $0.18 during trading hours on Tuesday, hitting $2.46. The stock had a trading volume of 3,100 shares, compared to its average volume of 220,647. The firm has a market capitalization of $36.28 million, a PE ratio of -13.61 and a beta of 0.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.05. Barfresh Food Group has a 12 month low of $1.00 and a 12 month high of $4.61. The stock has a fifty day moving average price of $2.70 and a 200 day moving average price of $3.02.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business 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 last year, the company earned ($0.04) EPS. Analysts anticipate that Barfresh Food Group will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Barfresh Food Group Company Profile

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.