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

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 43,600 shares, a growth of 18.8% from the October 15th total of 36,700 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.7% of the shares of the company are sold short.

Analyst Ratings Changes

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

Barfresh Food Group Trading Up 0.3 %

NASDAQ BRFH traded up $0.01 during trading on Friday, hitting $3.00. 7,391 shares of the company’s stock traded hands, compared to its average volume of 240,290. The stock has a fifty day moving average of $2.73 and a two-hundred day moving average of $2.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.05. Barfresh Food Group has a 12-month low of $1.00 and a 12-month high of $4.61. The firm has a market cap of $44.25 million, a P/E ratio of -16.56 and a beta of 0.46.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Barfresh Food Group had a negative net margin of 27.14% and a negative return on equity of 131.76%. The firm had revenue of $3.64 million for the quarter, compared to the consensus estimate of $3.62 million. During the same period last year, the company posted ($0.04) earnings per share. As a group, sell-side analysts expect that Barfresh Food Group will post -0.13 EPS for the current year.

Hedge Funds Weigh In On Barfresh Food Group

An institutional investor recently raised its position in Barfresh Food Group stock. HighTower Advisors LLC increased its stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) by 37.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,939 shares of the company’s stock after purchasing an additional 35,363 shares during the quarter. HighTower Advisors LLC owned 0.88% of Barfresh Food Group worth $378,000 at the end of the most recent quarter. 22.66% of the stock is owned by institutional investors.

About Barfresh Food Group

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.