Bridgford Foods Co. (NASDAQ:BRID) Sees Large Drop in Short Interest

Bridgford Foods Co. (NASDAQ:BRIDGet Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 7,400 shares, a drop of 18.7% from the November 30th total of 9,100 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC purchased a new stake in Bridgford Foods Co. (NASDAQ:BRIDFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 Price Performance

Shares of BRID remained flat at $10.76 on Tuesday. The company had a trading volume of 593 shares, compared to its average volume of 7,178. Bridgford Foods has a 1-year low of $7.77 and a 1-year high of $14.69. The stock has a market cap of $97.67 million, a price-to-earnings ratio of -97.81 and a beta of -0.62. The company’s fifty day moving average is $9.54 and its 200-day moving average is $9.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.28 and a quick ratio of 2.49.

About Bridgford Foods

(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.

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