Bridgford Foods Co. (NASDAQ:BRID) Sees Significant Drop in Short Interest

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 7,300 shares, a decline of 12.0% from the October 31st total of 8,300 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC purchased a new stake in Bridgford Foods Co. (NASDAQ:BRID) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,980 shares of the company’s stock, valued at approximately $200,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Stock Performance

Shares of BRID traded down $0.19 during trading hours on Friday, hitting $9.07. The stock had a trading volume of 1,588 shares, compared to its average volume of 8,464. The firm has a 50-day moving average price of $9.05 and a 200 day moving average price of $9.69. Bridgford Foods has a fifty-two week low of $7.77 and a fifty-two week high of $14.69. 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 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.