Bridgford Foods Co. (NASDAQ:BRID) Sees Significant Decrease in Short Interest

Bridgford Foods Co. (NASDAQ:BRID) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 6,400 shares, a decline of 13.5% from the December 15th total of 7,400 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC acquired a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

Bridgford Foods Stock Performance

Shares of Bridgford Foods stock traded down $0.15 during trading on Friday, reaching $10.34. 151 shares of the stock traded hands, compared to its average volume of 1,959. Bridgford Foods has a 52-week low of $7.77 and a 52-week high of $14.69. 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 business has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $9.77.

Bridgford Foods Company Profile

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.