Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Drops By 8.3%

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 40,000 shares, a decline of 8.3% from the October 31st total of 43,600 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is presently 2.4 days.

Barfresh Food Group Price Performance

Shares of Barfresh Food Group stock traded up $0.05 during trading hours on Monday, reaching $2.99. 809 shares of the company’s stock were exchanged, compared to its average volume of 231,278. Barfresh Food Group has a 1 year low of $1.00 and a 1 year high of $4.61. The company has a market capitalization of $44.10 million, a P/E ratio of -16.33 and a beta of 0.46. The business has a fifty day moving average of $2.69 and a two-hundred day moving average of $2.93. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Barfresh Food Group (NASDAQ:BRFH) last released its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. The business had revenue of $3.64 million for the quarter, compared to analysts’ expectations of $3.62 million. During the same period in the previous year, the company earned ($0.04) EPS. As a group, research analysts predict that Barfresh Food Group will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC increased its position in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,391 shares of the company’s stock after acquiring an additional 7,718 shares during the quarter. Geode Capital Management LLC owned approximately 0.61% of Barfresh Food Group worth $260,000 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.

Analyst Ratings Changes

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Monday, August 19th.

About Barfresh Food Group

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.