Bridgford Foods Co. (NASDAQ:BRID) Short Interest Up 7.1% in January

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 7,500 shares, a growth of 7.1% from the January 15th total of 7,000 shares. Based on an average trading volume of 4,600 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.5% of the shares of the stock are short sold.

Bridgford Foods Price Performance

Bridgford Foods stock traded up $0.06 during mid-day trading on Monday, hitting $10.31. 609 shares of the company were exchanged, compared to its average volume of 1,885. Bridgford Foods has a 12-month low of $7.77 and a 12-month high of $14.69. The company has a market capitalization of $93.61 million, a P/E ratio of -27.86 and a beta of -0.67. The business’s 50 day simple moving average is $10.49 and its two-hundred day simple moving average is $9.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71.

Bridgford Foods (NASDAQ:BRID) last announced its earnings results on Wednesday, January 29th. The company reported ($0.07) earnings per share for the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its stake in Bridgford Foods by 28.6% in the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company’s stock worth $343,000 after buying an additional 7,093 shares during the last quarter. Factorial Partners LLC increased its stake in Bridgford Foods by 13.8% during the fourth quarter. Factorial Partners LLC now owns 25,017 shares of the company’s stock worth $263,000 after acquiring an additional 3,037 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bridgford Foods by 29.9% in the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock worth $220,000 after purchasing an additional 5,558 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Bridgford Foods in the 4th quarter valued at about $124,000. 4.68% of the stock is currently owned by institutional investors and hedge funds.

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.