Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Up 18.8% in October

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 18.8% from the October 15th total of 36,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 16,900 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC increased its holdings in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,939 shares of the company’s stock after buying an additional 35,363 shares during the quarter. HighTower Advisors LLC owned 0.88% of Barfresh Food Group worth $378,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 22.66% of the company’s stock.

Barfresh Food Group Stock Performance

NASDAQ:BRFH traded down $0.01 during mid-day trading on Friday, hitting $2.98. The stock had a trading volume of 7,388 shares, compared to its average volume of 240,290. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. The company has a 50 day simple moving average of $2.73 and a 200-day simple moving average of $2.84. The stock has a market capitalization of $43.96 million, a price-to-earnings ratio of -16.56 and a beta of 0.46. Barfresh Food Group has a 52 week low of $1.00 and a 52 week high of $4.61.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $3.64 million for the quarter, compared to analyst estimates of $3.62 million. Barfresh Food Group had a negative net margin of 27.14% and a negative return on equity of 131.76%. During the same quarter last year, the business posted ($0.04) earnings per share. On average, research analysts expect that Barfresh Food Group will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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