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

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 41,300 shares, an increase of 11.0% from the August 31st total of 37,200 shares. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.6% of the company’s stock 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 business’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 capitalization of $41.80 million, a price-to-earnings ratio of -15.78 and a beta of 0.44.

Barfresh Food Group (NASDAQ:BRFH) last released 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 prior year, the firm posted ($0.06) EPS. As a group, sell-side analysts expect that Barfresh Food Group will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

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.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in Barfresh Food Group, Inc. (NASDAQ:BRFH) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 stock is currently owned by institutional investors and hedge funds.

Barfresh Food Group Company Profile

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.