Barfresh Food Group Inc. (NASDAQ:BRFH) Sees Large Drop in Short Interest

Barfresh Food Group Inc. (NASDAQ:BRFH) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 40,549 shares, a decline of 21.5% from the November 30th total of 51,651 shares. Based on an average daily volume of 4,371 shares, the days-to-cover ratio is presently 9.3 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 4,371 shares, the days-to-cover ratio is presently 9.3 days.

Barfresh Food Group Trading Up 7.8%

NASDAQ:BRFH opened at $2.89 on Tuesday. The company has a market cap of $46.15 million, a P/E ratio of -15.21 and a beta of 1.07. Barfresh Food Group has a twelve month low of $2.00 and a twelve month high of $6.08. The business has a 50 day moving average price of $3.14 and a two-hundred day moving average price of $3.14. The company has a quick ratio of 1.01, a current ratio of 1.25 and a debt-to-equity ratio of 0.17.

Barfresh Food Group (NASDAQ:BRFH) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Barfresh Food Group had a negative net margin of 24.05% and a negative return on equity of 151.77%. The business had revenue of $4.23 million during the quarter, compared to analyst estimates of $4.36 million. As a group, analysts expect that Barfresh Food Group will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Virtu Financial LLC acquired a new stake in Barfresh Food Group Inc. (NASDAQ:BRFH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.11% of Barfresh Food Group at the end of the most recent reporting period. 22.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Maxim Group lifted their price target on shares of Barfresh Food Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Barfresh Food Group in a research report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.00.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.