Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 9,100 shares, a growth of 26.4% from the May 30th total of 7,200 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 1.2 days.
A hedge fund recently bought a new stake in Bridgford Foods stock. PNC Financial Services Group Inc. purchased a new position in shares of Bridgford Foods Co. (NASDAQ:BRID) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,550 shares of the company’s stock, valued at approximately $150,000. PNC Financial Services Group Inc. owned approximately 0.08% of Bridgford Foods as of its most recent filing with the Securities and Exchange Commission. 5.55% of the stock is owned by hedge funds and other institutional investors.
Bridgford Foods stock traded down $0.38 during midday trading on Friday, hitting $34.81. 8,884 shares of the company were exchanged, compared to its average volume of 15,020. The stock has a fifty day simple moving average of $30.04. The company has a market cap of $315.96 million, a P/E ratio of 31.08 and a beta of 1.07. The company has a current ratio of 2.61, a quick ratio of 1.33 and a debt-to-equity ratio of 0.09. Bridgford Foods has a fifty-two week low of $13.00 and a fifty-two week high of $38.00.
About Bridgford Foods
Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. The company operates in two segments, Frozen Food Products and Snack Food Products. It primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products.
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