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

Bridgford Foods Co. (NASDAQ:BRID) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,400 shares, a decrease of 18.7% from the November 30th total of 9,100 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Bridgford Foods

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

Bridgford Foods Stock Performance

NASDAQ:BRID remained flat at $10.76 during trading hours on Tuesday. The company had a trading volume of 593 shares, compared to its average volume of 7,178. The company has a market capitalization of $97.67 million, a PE ratio of -97.81 and a beta of -0.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.28 and a quick ratio of 2.49. The company has a 50-day simple moving average of $9.54 and a two-hundred day simple moving average of $9.70. Bridgford Foods has a 52-week low of $7.77 and a 52-week high of $14.69.

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.