Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,400 shares, a decrease of 18.7% from the November 30th total of 9,100 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC bought a new position in Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,980 shares of the company’s stock, valued at approximately $200,000. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Price Performance

NASDAQ BRID remained flat at $10.76 during trading hours on Tuesday. 576 shares of the company were exchanged, compared to its average volume of 7,178. The company has a market cap of $97.67 million, a price-to-earnings 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. Bridgford Foods has a one year low of $7.77 and a one year high of $14.69. The business’s 50-day simple moving average is $9.54 and its 200-day simple moving average is $9.70.

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.