Tofutti Brands Inc. (OTCMKTS:TOFB) Short Interest Update

Tofutti Brands Inc. (OTCMKTS:TOFB) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,050 shares, an increase of 105.0% from the April 15th total of 1,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 912 shares, the short-interest ratio is presently 2.2 days.

Tofutti Brands Price Performance

OTCMKTS TOFB opened at $0.62 on Friday. The business has a 50 day moving average price of $0.72 and a 200-day moving average price of $0.72. Tofutti Brands has a 52 week low of $0.55 and a 52 week high of $0.85. The company has a market cap of $3.20 million, a price-to-earnings ratio of -4.14 and a beta of 0.84.

Tofutti Brands (OTCMKTS:TOFB) last released its quarterly earnings data on Monday, April 13th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.25 million for the quarter. Tofutti Brands had a negative return on equity of 29.56% and a negative net margin of 10.01%.

Tofutti Brands Company Profile

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.