Bridgford Foods Co. (NASDAQ:BRID) Sees Significant Growth in Short Interest

Posted by Jeff Wilder on Nov 16th, 2024

Bridgford Foods Co. (NASDAQ:BRID – Get Free Report) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 8,300 shares, an increase of 36.1% from the October 15th total of 6,100 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC purchased a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,980 shares of the company’s stock, valued at approximately $200,000. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Trading Up 0.7 %

Shares of NASDAQ:BRID traded up $0.06 during midday trading on Friday, hitting $9.03. The company’s stock had a trading volume of 7,472 shares, compared to its average volume of 7,239. The business’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $9.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. Bridgford Foods has a 12-month low of $7.77 and a 12-month high of $14.69.

Bridgford Foods (NASDAQ:BRID – Get Free Report) last posted its quarterly earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $49.26 million during the quarter. Bridgford Foods had a negative return on equity of 0.79% and a negative net margin of 0.44%.

Bridgford Foods Company Profile

(Get Free Report)

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.