Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Up 11.0% in September

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a significant increase in short interest during 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 currently 1.5 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. bought a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH) in the first quarter, according to the company in its most recent disclosure with the 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 at the end of the most recent quarter. Institutional investors and hedge funds own 22.66% of the company’s stock.

Barfresh Food Group Price Performance

NASDAQ BRFH traded up $0.07 during mid-day trading on Tuesday, reaching $2.91. The stock had a trading volume of 2,161 shares, compared to its average volume of 282,105. The company has a fifty day moving average price of $3.34 and a 200 day moving average price of $2.52. Barfresh Food Group has a 1 year low of $1.00 and a 1 year high of $4.61. The stock has a market cap of $42.84 million, a PE ratio of -16.17 and a beta of 0.44.

Barfresh Food Group (NASDAQ:BRFH) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $1.46 million during the quarter, compared to the consensus estimate of $2.27 million. Barfresh Food Group had a negative return on equity of 131.72% and a negative net margin of 29.91%. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, equities research analysts expect that Barfresh Food Group will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

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