Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Down 10.7% in December

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 32,600 shares, a decline of 10.7% from the December 15th total of 36,500 shares. Based on an average daily volume of 12,400 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC lifted its holdings in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,939 shares of the company’s stock after buying an additional 35,363 shares during the period. HighTower Advisors LLC owned approximately 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent reporting period. 22.66% of the stock is owned by hedge funds and other institutional investors.

Barfresh Food Group Stock Up 11.7 %

BRFH traded up $0.29 during trading on Friday, hitting $2.80. 5,144 shares of the company’s stock were exchanged, compared to its average volume of 7,229. The stock has a market cap of $41.35 million, a P/E ratio of -15.58 and a beta of 0.50. The business’s 50 day moving average is $2.75 and its two-hundred day moving average is $3.03. Barfresh Food Group has a fifty-two week low of $1.00 and a fifty-two week high of $4.61. The company has a quick ratio of 1.05, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.

Barfresh Food Group (NASDAQ:BRFH) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.03) earnings per share (EPS) 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 company had revenue of $3.64 million for the quarter, compared to the consensus estimate of $3.62 million. During the same quarter last year, the company posted ($0.04) EPS. As a group, equities analysts expect that Barfresh Food Group will post -0.13 earnings per share for the current fiscal 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.