Barfresh Food Group, Inc. (NASDAQ:BRFH – Get Free Report) 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.
View Our Latest Stock Analysis on BRFH
Barfresh Food Group Stock Down 6.2 %
Barfresh Food Group (NASDAQ:BRFH – Get Free Report) 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 – Free Report) 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.
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