Barfresh Food Group, Inc. (NASDAQ:BRFH) Brief Interest Update

Barfresh Food Group, Inc. (NASDAQ:BRFH – Get Free Report ) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 41,300 shares, up 11.0% from August 31st’s total of 31,200 shares. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.6% of the company’s shares are short sold.

Barfresh Food Group stock performance

Barfresh Food Group stock traded up $0.16 during mid-day trading on Friday, reaching $2.84. The company’s stock had a trading volume of 11,835 shares, compared to its average volume of 283,669. The company’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $2.49. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The company has a market cap of $41.80 million, a price-to-earnings ratio of -15.78 and a beta of 0.44.

Barfresh Food Group (NASDAQ:BRFH – Get Your Free Report ) last issued its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $1.46 million during the quarter, compared to analyst estimates of $2.27 million. Barfresh Food Group had a negative net margin of 29.91% and a negative return on equity of 131.72%. During the same period in the previous year, the firm posted EPS of ($0.06). As a group, sell-side analysts expect that Barfresh Food Group will post -0.12 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Separately, Greenridge Global upgraded Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Monday, August 19th.

Get the latest stock analysis on Barfresh Food Group

Institutional investors are weighing in on Barfresh Food Group

An institutional investor recently bought a new position in shares of Barfresh Food Group. Mesirow Financial Investment Management Inc. acquired a new stake in Barfresh Food Group, Inc. (NASDAQ:BRFH – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the shares are currently owned by institutional investors and hedge funds.

Barfresh Food Group Company Profile

(Get a free report)

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes frozen ready-to-drink and ready-to-mix beverages in the United States. They offer smoothies, shakes and frappes in various formats, including ready-to-drink smoothies, easy pour-overs, juice concentrates and single servings.

Further reading

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