Tofutti Brands Inc. (OTCMKTS:TOFB) Short Interest Up 105.0% in April

Tofutti Brands Inc. (OTCMKTS:TOFB) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,050 shares, an increase of 105.0% from the April 15th total of 1,000 shares. Based on an average daily volume of 912 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.0% of the company’s shares are short sold.

Tofutti Brands Price Performance

Shares of TOFB stock remained flat at $0.62 during mid-day trading on Monday. Tofutti Brands has a 1-year low of $0.55 and a 1-year high of $0.85. The business’s fifty day moving average price is $0.72 and its 200-day moving average price is $0.72. The firm has a market cap of $3.20 million, a P/E ratio of -4.14 and a beta of 0.84.

Tofutti Brands (OTCMKTS:TOFB) last posted its earnings results on Monday, April 13th. The company reported ($0.09) EPS for the quarter. Tofutti Brands had a negative net margin of 10.01% and a negative return on equity of 29.56%. The business had revenue of $2.25 million for the quarter.

Tofutti Brands Company Profile

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.