Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Down 25.5% in August

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 37,200 shares, a decrease of 25.5% from the August 15th total of 49,900 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 38,900 shares, the days-to-cover ratio is presently 1.0 days.

Barfresh Food Group Stock Performance

Shares of Barfresh Food Group stock traded up $0.04 on Tuesday, reaching $3.05. 7,551 shares of the company were exchanged, compared to its average volume of 296,389. The firm has a market cap of $44.90 million, a price-to-earnings ratio of -16.72 and a beta of 0.44. Barfresh Food Group has a 1-year low of $1.00 and a 1-year high of $4.61. The company’s 50-day moving average is $3.57 and its two-hundred day moving average is $2.40.

Barfresh Food Group (NASDAQ:BRFH) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Barfresh Food Group had a negative net margin of 29.91% and a negative return on equity of 131.72%. The firm had revenue of $1.46 million for the quarter, compared to analyst estimates of $2.27 million. During the same period last year, the firm posted ($0.06) EPS. As a group, sell-side analysts forecast that Barfresh Food Group will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Barfresh Food Group as of its most recent filing with the SEC. Institutional investors own 22.66% of the company’s stock.

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 target on the stock in a research report on Monday, August 19th.

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.