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

Bridgford Foods Co. (NASDAQ:BRID) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 9,100 shares, a growth of 24.7% from the November 15th total of 7,300 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bridgford Foods stock. Geode Capital Management LLC lifted its position in Bridgford Foods Co. (NASDAQ:BRID) by 29.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,150 shares of the company’s stock after acquiring an additional 5,558 shares during the period. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Stock Up 0.1 %

BRID traded up $0.01 on Friday, hitting $10.73. The company had a trading volume of 6,829 shares, compared to its average volume of 7,418. The stock has a fifty day moving average price of $9.20 and a 200-day moving average price of $9.66. Bridgford Foods has a 12-month low of $7.77 and a 12-month high of $14.69. 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 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.