Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Update

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 18.8% from the October 15th total of 36,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 2.6 days.

Hedge Funds Weigh In On Barfresh Food Group

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

Wall Street Analysts Forecast Growth

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

Barfresh Food Group Stock Performance

NASDAQ:BRFH traded up $0.01 during trading hours on Friday, hitting $3.00. 7,391 shares of the company traded hands, compared to its average volume of 13,710. 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 firm’s 50-day simple moving average is $2.73 and its 200-day simple moving average is $2.85. Barfresh Food Group has a one year low of $1.00 and a one year high of $4.61.

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

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.