Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 6,400 shares, a decline of 13.5% from the December 15th total of 7,400 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are sold short.

Bridgford Foods Trading Down 1.4 %

Shares of NASDAQ BRID traded down $0.15 during trading hours on Friday, hitting $10.34. 151 shares of the company traded hands, compared to its average volume of 1,959. The company’s 50 day moving average price is $10.00 and its 200 day moving average price is $9.77. Bridgford Foods has a 12 month low of $7.77 and a 12 month high of $14.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC purchased a new position in Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is 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.