Short Interest in Bridgford Foods Co. (NASDAQ:BRID) Decreases By 18.7%

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 7,400 shares, a drop 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 trading volume of 8,000 shares, the days-to-cover ratio is currently 0.9 days.

Bridgford Foods Stock Up 1.5 %

Shares of BRID stock traded up $0.16 during trading hours on Friday, reaching $10.76. 604 shares of the company’s stock were exchanged, compared to its average volume of 7,221. The stock has a market cap of $97.67 million, a PE ratio of -97.81 and a beta of -0.62. 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 fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.70. Bridgford Foods has a 1 year low of $7.77 and a 1 year high of $14.69.

Institutional Trading of 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) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 21,980 shares of the company’s stock, valued at approximately $200,000. Hedge funds and other institutional investors own 4.68% of the company’s stock.

Bridgford Foods Company Profile

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.