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

Bridgford Foods Co. (NASDAQ:BRID) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 7,500 shares, an increase of 7.1% from the January 15th total of 7,000 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Bridgford Foods

A number of hedge funds have recently added to or reduced their stakes in BRID. Northern Trust Corp raised its position in Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company’s stock worth $343,000 after purchasing an additional 7,093 shares during the last quarter. Factorial Partners LLC increased its position in Bridgford Foods by 13.8% in the fourth quarter. Factorial Partners LLC now owns 25,017 shares of the company’s stock worth $263,000 after purchasing an additional 3,037 shares during the period. Geode Capital Management LLC raised its holdings in Bridgford Foods by 29.9% during the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock worth $220,000 after purchasing an additional 5,558 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Bridgford Foods during the 4th quarter valued at about $124,000. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Price Performance

Shares of Bridgford Foods stock traded up $0.06 during trading on Monday, hitting $10.31. 609 shares of the company’s stock traded hands, compared to its average volume of 1,885. Bridgford Foods has a twelve month low of $7.77 and a twelve month high of $14.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71. The company has a market cap of $93.61 million, a PE ratio of -27.86 and a beta of -0.67. The firm’s fifty day moving average price is $10.48 and its 200 day moving average price is $9.84.

Bridgford Foods (NASDAQ:BRID) last issued its earnings results on Wednesday, January 29th. The company reported ($0.07) earnings per share (EPS) for the quarter. Bridgford Foods had a negative return on equity of 2.63% and a negative net margin of 1.51%.

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.