Bridgford Foods Co. (NASDAQ:BRID) Short Interest Up 24.7% in November

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,100 shares, a growth of 24.7% from the November 15th total of 7,300 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the company’s shares are sold short.

Bridgford Foods Stock Performance

Shares of BRID stock traded up $0.01 on Friday, hitting $10.73. The company had a trading volume of 6,829 shares, compared to its average volume of 7,418. Bridgford Foods has a twelve month low of $7.77 and a twelve month 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 stock’s 50-day moving average is $9.20 and its two-hundred day moving average is $9.66.

Institutional Trading of Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC purchased a new position in Bridgford Foods Co. (NASDAQ:BRID) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is owned by hedge funds and other institutional investors.

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.