Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Decreases By 10.7%

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 32,600 shares, a drop of 10.7% from the December 15th total of 36,500 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 12,400 shares, the short-interest ratio is presently 2.6 days.

Barfresh Food Group Trading Up 11.7 %

BRFH stock traded up $0.29 during trading on Friday, hitting $2.80. The company had a trading volume of 5,144 shares, compared to its average volume of 7,229. The stock has a market cap of $41.35 million, a PE ratio of -15.58 and a beta of 0.50. The business has a 50-day moving average of $2.75 and a 200-day moving average of $3.03. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. Barfresh Food Group has a one year low of $1.00 and a one year high of $4.61.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC lifted its stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,391 shares of the company’s stock after purchasing an additional 7,718 shares during the quarter. Geode Capital Management LLC owned about 0.61% of Barfresh Food Group worth $260,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.66% of the company’s stock.

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.