Tofutti Brands Inc. (OTCMKTS:TOFB) Short Interest Update

Tofutti Brands Inc. (OTCMKTS:TOFB) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,050 shares, a growth of 105.0% from the April 15th total of 1,000 shares. Based on an average trading volume of 912 shares, the short-interest ratio is currently 2.2 days. Approximately 0.0% of the shares of the company are short sold.

Tofutti Brands Price Performance

TOFB stock opened at $0.62 on Friday. The stock has a 50-day simple moving average of $0.72 and a two-hundred day simple moving average of $0.72. The firm has a market capitalization of $3.20 million, a PE ratio of -4.14 and a beta of 0.84. Tofutti Brands has a twelve month low of $0.55 and a twelve month high of $0.85.

Tofutti Brands (OTCMKTS:TOFB) last issued its quarterly earnings data on Monday, April 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $2.25 million during the quarter. Tofutti Brands had a negative return on equity of 29.56% and a negative net margin of 10.01%.

About Tofutti Brands

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.