Barfresh Food Group Inc. (NASDAQ:BRFH) Sees Large Decline in Short Interest

Barfresh Food Group Inc. (NASDAQ:BRFH) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 31,175 shares, a drop of 23.1% from the December 15th total of 40,549 shares. Based on an average daily volume of 13,166 shares, the short-interest ratio is currently 2.4 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 13,166 shares, the short-interest ratio is currently 2.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Barfresh Food Group in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

Barfresh Food Group Stock Performance

BRFH stock remained flat at $3.25 during mid-day trading on Friday. The company’s stock had a trading volume of 13,728 shares, compared to its average volume of 13,480. Barfresh Food Group has a 1-year low of $2.00 and a 1-year high of $6.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.01 and a current ratio of 1.25. The business’s 50 day moving average price is $3.11 and its 200 day moving average price is $3.16. The company has a market capitalization of $51.90 million, a P/E ratio of -17.11 and a beta of 0.95.

Barfresh Food Group (NASDAQ:BRFH) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $4.23 million during the quarter, compared to analyst estimates of $4.36 million. Barfresh Food Group had a negative net margin of 24.05% and a negative return on equity of 151.77%. As a group, equities analysts expect that Barfresh Food Group will post -0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Barfresh Food Group stock. Virtu Financial LLC purchased a new position in Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group 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 develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.