Bridgford Foods Corporation (NASDAQ:BRID) Sees Significant Increase in Short Interest

Bridgford Foods Corporation (NASDAQ:BRID) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 12,353 shares, a growth of 21.6% from the February 12th total of 10,158 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,984 shares, the short-interest ratio is currently 6.2 days. Based on an average daily trading volume, of 1,984 shares, the short-interest ratio is currently 6.2 days. Currently, 0.7% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Bridgford Foods in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Bridgford Foods

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. purchased a new stake in Bridgford Foods Corporation (NASDAQ:BRID) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned about 0.30% of Bridgford Foods at the end of the most recent reporting period. 4.68% of the stock is currently owned by institutional investors and hedge funds.

Bridgford Foods Stock Up 0.1%

Shares of NASDAQ BRID opened at $7.50 on Monday. The business has a 50-day moving average price of $7.75 and a 200 day moving average price of $7.79. The stock has a market cap of $68.10 million, a PE ratio of -5.21 and a beta of -0.25. Bridgford Foods has a 52-week low of $7.00 and a 52-week high of $10.40.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings results on Friday, March 6th. The company reported ($0.09) EPS for the quarter. Bridgford Foods had a negative return on equity of 11.02% and a negative net margin of 5.60%.The firm had revenue of $55.31 million for the quarter.

Bridgford Foods Company Profile

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.