Short Interest in Bridgford Foods Co. (NASDAQ:BRID) Rises By 7.1%

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant 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. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 4,600 shares, the short-interest ratio is currently 1.6 days.

Bridgford Foods Stock Down 0.5 %

Shares of Bridgford Foods stock opened at $10.25 on Tuesday. The company has a market cap of $93.11 million, a price-to-earnings ratio of -27.71 and a beta of -0.67. The company’s 50 day moving average is $10.49 and its 200 day moving average is $9.85. Bridgford Foods has a twelve month low of $7.77 and a twelve month high of $14.69. The company has a quick ratio of 2.71, a current ratio of 4.74 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of Bridgford Foods

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in Bridgford Foods during the 4th quarter valued at approximately $124,000. Factorial Partners LLC purchased a new position in shares of Bridgford Foods during the 3rd quarter valued at approximately $200,000. Geode Capital Management LLC increased its holdings in shares of Bridgford Foods by 29.9% during the 3rd quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock valued at $220,000 after purchasing an additional 5,558 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Bridgford Foods by 28.6% during the 4th quarter. Northern Trust Corp now owns 31,913 shares of the company’s stock valued at $343,000 after purchasing an additional 7,093 shares in the last quarter. 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.