Short Interest in Bridgford Foods Co. (NASDAQ:BRID) Grows By 24.7%

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 9,100 shares, an increase of 24.7% from the November 15th total of 7,300 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are sold short.

Bridgford Foods Price Performance

NASDAQ BRID traded up $0.01 during trading hours on Friday, reaching $10.73. The company’s stock had a trading volume of 6,829 shares, compared to its average volume of 7,418. 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 1-year low of $7.77 and a 1-year high of $14.69. The company’s 50-day moving average is $9.17 and its two-hundred day moving average is $9.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC acquired a new position in shares of Bridgford Foods Co. (NASDAQ:BRID) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Company Profile

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.