Barfresh Food Group, Inc. (NASDAQ:BRFH) Sees Significant Decline in Short Interest

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 37,500 shares, a decrease of 6.3% from the November 15th total of 40,000 shares. Based on an average trading volume of 16,100 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the shares of the stock are sold short.

Barfresh Food Group Stock Up 8.3 %

NASDAQ BRFH opened at $2.47 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.39. The company has a market capitalization of $36.42 million, a P/E ratio of -13.72 and a beta of 0.52. Barfresh Food Group has a one year low of $1.00 and a one year high of $4.61. The stock has a 50 day moving average price of $2.69 and a 200-day moving average price of $3.03.

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

Institutional Inflows and Outflows

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

Barfresh Food Group Company Profile

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.