Barfresh Food Group, Inc. (NASDAQ:BRFH) Sees Large Drop in Short Interest

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 37,200 shares, a decrease of 25.5% from the August 15th total of 49,900 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

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 report on Monday, August 19th.

Barfresh Food Group Stock Down 6.2 %

Shares of BRFH traded down $0.20 during mid-day trading on Friday, hitting $3.05. The company had a trading volume of 19,497 shares, compared to its average volume of 299,806. The stock has a market cap of $44.99 million, a PE ratio of -16.94 and a beta of 0.44. The business’s 50-day simple moving average is $3.59 and its 200-day simple moving average is $2.39. Barfresh Food Group has a 1-year low of $1.00 and a 1-year high of $4.61.

Barfresh Food Group (NASDAQ:BRFH) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) 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 company had revenue of $1.46 million for the quarter, compared to analyst estimates of $2.27 million. During the same period last year, the firm posted ($0.06) earnings per share. On average, sell-side analysts expect that Barfresh Food Group will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. bought a new position in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the stock is currently 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.