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

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 6,400 shares, a drop of 13.5% from the December 15th total of 7,400 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 7,500 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Bridgford Foods

An institutional investor recently raised its position in Bridgford Foods stock. Geode Capital Management LLC grew its stake in shares of Bridgford Foods Co. (NASDAQ:BRID) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,150 shares of the company’s stock after buying an additional 5,558 shares during the quarter. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.68% of the company’s stock.

Bridgford Foods Stock Performance

BRID stock traded down $0.15 during midday trading on Friday, reaching $10.34. 151 shares of the company’s stock traded hands, compared to its average volume of 1,959. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. Bridgford Foods has a 52 week low of $7.77 and a 52 week high of $14.69. The firm has a market capitalization of $93.89 million, a PE ratio of -93.99 and a beta of -0.65. The company has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $9.77.

About Bridgford Foods

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.