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

Bridgford Foods Co. (NASDAQ:BRID) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 8,300 shares, an increase of 36.1% from the October 15th total of 6,100 shares. Based on an average daily trading volume, of 17,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short.

Bridgford Foods Stock Performance

Shares of BRID stock traded up $0.07 on Thursday, reaching $8.68. 595 shares of the stock were exchanged, compared to its average volume of 7,230. The company has a current ratio of 4.28, a quick ratio of 2.49 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $9.09 and a two-hundred day moving average of $9.79. Bridgford Foods has a 1-year low of $7.77 and a 1-year high of $14.69.

Bridgford Foods (NASDAQ:BRID) last announced its quarterly earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 0.44% and a negative return on equity of 0.79%. The company had revenue of $49.26 million during the quarter.

Institutional Trading of Bridgford Foods

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC acquired a new stake in Bridgford Foods Co. (NASDAQ:BRID) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,980 shares of the company’s stock, valued at approximately $200,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

About Bridgford Foods

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.