Bridgford Foods Co. (NASDAQ:BRID – Get Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 7,400 shares, a drop of 18.7% from the November 30th total of 9,100 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Trading of Bridgford Foods
A hedge fund recently raised its stake in Bridgford Foods stock. Geode Capital Management LLC raised its position in shares of Bridgford Foods Co. (NASDAQ:BRID – Free Report) by 29.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,150 shares of the company’s stock after purchasing an additional 5,558 shares during the quarter. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.68% of the company’s stock.
Bridgford Foods Price Performance
BRID remained flat at $10.76 during mid-day trading on Tuesday. 576 shares of the company’s stock were exchanged, compared to its average volume of 7,178. The stock’s 50-day moving average is $9.54 and its two-hundred day moving average is $9.70. The firm has a market cap of $97.67 million, a PE ratio of -97.81 and a beta of -0.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.28 and a quick ratio of 2.49. Bridgford Foods has a 1-year low of $7.77 and a 1-year high of $14.69.
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.
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