Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Declines By 19.4%

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 49,900 shares, a decrease of 19.4% from the July 31st total of 61,900 shares. Based on an average daily volume of 38,900 shares, the short-interest ratio is currently 1.3 days. Approximately 0.8% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research report on Monday, August 19th.

Barfresh Food Group Stock Performance

Shares of BRFH stock traded up $0.05 during mid-day trading on Friday, hitting $3.60. 6,585 shares of the stock were exchanged, compared to its average volume of 315,638. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The stock has a market capitalization of $52.99 million, a price-to-earnings ratio of -20.00 and a beta of 0.48. The stock’s fifty day simple moving average is $3.61 and its two-hundred day simple moving average is $2.22.

Barfresh Food Group (NASDAQ:BRFH) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $1.46 million for the quarter, compared to analyst estimates of $2.27 million. Barfresh Food Group had a negative return on equity of 121.51% and a negative net margin of 26.71%. During the same period last year, the firm earned ($0.06) EPS. On average, research analysts expect that Barfresh Food Group will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 22.66% of the company’s stock.

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.