Bridgford Foods Co. (NASDAQ:BRID) Short Interest Down 13.5% in December

Bridgford Foods Co. (NASDAQ:BRID) saw a large drop in short interest in 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. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 0.9 days.

Bridgford Foods Stock Down 1.4 %

Shares of BRID stock traded down $0.15 during trading hours on Friday, hitting $10.34. 151 shares of the company’s stock traded hands, compared to its average volume of 1,959. The company has a quick ratio of 2.49, a current ratio of 4.28 and a debt-to-equity ratio of 0.02. The stock has a market cap of $93.89 million, a price-to-earnings ratio of -93.99 and a beta of -0.65. The stock’s fifty day simple moving average is $10.00 and its two-hundred day simple moving average is $9.77. Bridgford Foods has a 12-month low of $7.77 and a 12-month high of $14.69.

Institutional Inflows and Outflows

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

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.