Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Declines By 6.3%

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 37,500 shares, a drop of 6.3% from the November 15th total of 40,000 shares. Based on an average daily trading volume, of 16,100 shares, the short-interest ratio is presently 2.3 days. Currently, 0.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. Geode Capital Management LLC boosted its position in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,391 shares of the company’s stock after acquiring an additional 7,718 shares during the period. Geode Capital Management LLC owned 0.61% of Barfresh Food Group worth $260,000 as of its most recent SEC filing. Institutional investors own 22.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Monday, August 19th.

Barfresh Food Group Stock Up 0.4 %

Shares of Barfresh Food Group stock traded up $0.01 during trading hours on Monday, reaching $2.66. The company’s stock had a trading volume of 452 shares, compared to its average volume of 221,555. Barfresh Food Group has a one year low of $1.00 and a one year high of $4.61. The company has a market capitalization of $39.22 million, a P/E ratio of -14.72 and a beta of 0.52. The stock’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $3.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.39.

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

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.