Barfresh Food Group, Inc. (NASDAQ:BRFH) Sees Large Drop in Short Interest

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 40,000 shares, a decline of 8.3% from the October 31st total of 43,600 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 2.4 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC raised its stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,391 shares of the company’s stock after buying an additional 7,718 shares during the period. Geode Capital Management LLC owned approximately 0.61% of Barfresh Food Group worth $260,000 as of its most recent filing with the SEC. 22.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Greenridge Global upgraded Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Monday, August 19th.

Barfresh Food Group Stock Performance

Shares of NASDAQ BRFH traded down $0.06 during midday trading on Wednesday, hitting $2.87. 2,050 shares of the company’s stock were exchanged, compared to its average volume of 229,236. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.05. The stock’s 50 day moving average price is $2.69 and its 200-day moving average price is $2.95. The firm has a market cap of $42.33 million, a P/E ratio of -16.28 and a beta of 0.52. Barfresh Food Group has a twelve month low of $1.00 and a twelve month high of $4.61.

Barfresh Food Group (NASDAQ:BRFH) last released its earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $3.64 million during the quarter, compared to analyst estimates of $3.62 million. Barfresh Food Group had a negative return on equity of 131.76% and a negative net margin of 27.14%. During the same quarter last year, the company earned ($0.04) earnings per share. Equities research analysts anticipate that Barfresh Food Group will post -0.13 EPS for the current year.

About Barfresh Food Group

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.