Bridgford Foods Corporation (NASDAQ:BRID) Sees Large Increase in Short Interest

Bridgford Foods Corporation (NASDAQ:BRID) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 12,353 shares, an increase of 21.6% from the February 12th total of 10,158 shares. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is presently 6.2 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is presently 6.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Bridgford Foods in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Bridgford Foods Stock Performance

Bridgford Foods stock opened at $7.41 on Tuesday. The company has a market cap of $67.28 million, a P/E ratio of -5.15 and a beta of -0.25. Bridgford Foods has a one year low of $7.00 and a one year high of $10.12. The business has a fifty day moving average of $7.74 and a two-hundred day moving average of $7.78.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings results on Friday, March 6th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $55.31 million for the quarter. Bridgford Foods had a negative return on equity of 11.02% and a negative net margin of 5.60%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgford Foods stock. Private Management Group Inc. bought a new stake in Bridgford Foods Corporation (NASDAQ:BRID) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned approximately 0.30% of Bridgford Foods at the end of the most recent quarter. 4.68% of the stock is owned by institutional investors and hedge funds.

Bridgford Foods Company Profile

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.