Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

Bridgford Foods Co. (NASDAQ:BRID) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,100 shares, an increase of 24.7% from the November 15th total of 7,300 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Factorial Partners LLC purchased a new position in shares of Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,980 shares of the company’s stock, valued at approximately $200,000. Institutional investors and hedge funds own 4.68% of the company’s stock.

Bridgford Foods Price Performance

BRID traded up $0.01 during trading on Friday, reaching $10.73. 6,829 shares of the company’s stock were exchanged, compared to its average volume of 7,418. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. Bridgford Foods has a 1 year low of $7.77 and a 1 year high of $14.69. The company’s fifty day simple moving average is $9.20 and its 200-day simple moving average is $9.66.

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.