Short Interest in Bridgford Foods Co. (NASDAQ:BRID) Drops By 15.3%

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 6,100 shares, a decrease of 15.3% from the September 30th total of 7,200 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

Bridgford Foods Stock Performance

Shares of BRID remained flat at $8.86 on Wednesday. 9,718 shares of the company traded hands, compared to its average volume of 7,153. Bridgford Foods has a 12 month low of $7.77 and a 12 month high of $14.69. The stock has a market cap of $80.42 million, a P/E ratio of 53.00 and a beta of -0.63. The firm has a 50 day simple moving average of $9.74 and a 200 day simple moving average of $9.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.28 and a quick ratio of 2.49.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 0.79% and a negative net margin of 0.44%. The business had revenue of $49.26 million during the quarter.

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.