Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Down 7.7% in September

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 38,100 shares, a drop of 7.7% from the September 15th total of 41,300 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 21,500 shares, the short-interest ratio is currently 1.8 days.

Barfresh Food Group Stock Performance

Barfresh Food Group stock traded up $0.04 during midday trading on Thursday, hitting $2.73. 161 shares of the company’s stock were exchanged, compared to its average volume of 264,944. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The stock has a market cap of $40.19 million, a price-to-earnings ratio of -14.94 and a beta of 0.44. The firm’s 50 day simple moving average is $3.14 and its 200 day simple moving average is $2.64.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share (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 business had revenue of $1.46 million for the quarter, compared to analysts’ expectations of $2.27 million. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, equities research analysts forecast that Barfresh Food Group will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 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.