Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Rises By 18.8%

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 18.8% from the October 15th total of 36,700 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is presently 2.6 days.

Analysts Set New Price Targets

Separately, Greenridge Global upgraded shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Monday, August 19th.

Institutional Trading of Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC grew its stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,391 shares of the company’s stock after purchasing an additional 7,718 shares during the period. Geode Capital Management LLC owned approximately 0.61% of Barfresh Food Group worth $260,000 as of its most recent SEC filing. 22.66% of the stock is currently owned by institutional investors and hedge funds.

Barfresh Food Group Trading Up 0.3 %

BRFH stock traded up $0.01 during mid-day trading on Friday, hitting $3.00. 7,391 shares of the stock were exchanged, compared to its average volume of 13,710. The business has a fifty day moving average price of $2.73 and a 200 day moving average price of $2.85. Barfresh Food Group has a 12 month low of $1.00 and a 12 month high of $4.61. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Barfresh Food Group (NASDAQ:BRFH) last issued its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Barfresh Food Group had a negative net margin of 27.14% and a negative return on equity of 131.76%. The company had revenue of $3.64 million for the quarter, compared to analysts’ expectations of $3.62 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. As a group, equities analysts anticipate that Barfresh Food Group will post -0.13 EPS for the current fiscal year.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.