Short Interest in The Real Good Food Company, Inc. (NASDAQ:RGF) Grows By 29.6%

The Real Good Food Company, Inc. (NASDAQ:RGF) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 278,700 shares, an increase of 29.6% from the May 15th total of 215,100 shares. Based on an average daily trading volume, of 746,000 shares, the short-interest ratio is currently 0.4 days. Approximately 1.5% of the company’s stock are sold short.

Real Good Food Stock Down 1.9 %

NASDAQ:RGF traded down $0.01 during trading hours on Friday, reaching $0.61. 35,695 shares of the company’s stock were exchanged, compared to its average volume of 201,409. The firm has a market capitalization of $20.48 million, a price-to-earnings ratio of -0.29 and a beta of 0.54. The company has a 50-day moving average of $0.48 and a 200 day moving average of $0.93. Real Good Food has a 1-year low of $0.21 and a 1-year high of $5.21.

Institutional Trading of Real Good Food

Large investors have recently bought and sold shares of the business. SFE Investment Counsel purchased a new position in Real Good Food during the 4th quarter worth $36,000. Pinnacle Associates Ltd. purchased a new position in Real Good Food during the 4th quarter worth $39,000. First Eagle Investment Management LLC raised its position in Real Good Food by 19.2% during the 4th quarter. First Eagle Investment Management LLC now owns 387,734 shares of the company’s stock worth $589,000 after buying an additional 62,500 shares during the last quarter. Private Advisor Group LLC raised its position in Real Good Food by 69.6% during the 4th quarter. Private Advisor Group LLC now owns 152,780 shares of the company’s stock worth $232,000 after buying an additional 62,680 shares during the last quarter. Finally, AWM Investment Company Inc. increased its holdings in shares of Real Good Food by 25.0% in the 3rd quarter. AWM Investment Company Inc. now owns 877,353 shares of the company’s stock valued at $2,939,000 after purchasing an additional 175,208 shares in the last quarter. Institutional investors and hedge funds own 55.55% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley cut shares of Real Good Food from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 20th.

Real Good Food Company Profile

The Real Good Food Company, Inc, through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and various entrée bowls under the Realgood Foods Co brand name, as well as sells private-label products.