Bridgford Foods Co. (NASDAQ:BRID) Sees Significant Drop in Short Interest

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 7,300 shares, a decline of 12.0% from the October 31st total of 8,300 shares. Based on an average trading volume of 14,700 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Bridgford Foods Stock Down 2.1 %

NASDAQ BRID traded down $0.19 during mid-day trading on Friday, hitting $9.07. The stock had a trading volume of 1,588 shares, compared to its average volume of 8,464. The firm’s 50 day moving average is $9.05 and its 200 day moving average is $9.69. The company has a quick ratio of 2.49, a current ratio of 4.28 and a debt-to-equity ratio of 0.02. Bridgford Foods has a twelve month low of $7.77 and a twelve month high of $14.69.

Hedge Funds Weigh In On Bridgford Foods

A hedge fund recently raised its stake in Bridgford Foods stock. Geode Capital Management LLC raised its holdings in Bridgford Foods Co. (NASDAQ:BRID) by 29.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,150 shares of the company’s stock after acquiring an additional 5,558 shares during the period. Geode Capital Management LLC’s holdings in Bridgford Foods were worth $220,000 at the end of the most recent quarter. Institutional investors own 4.68% of the company’s stock.

About Bridgford Foods

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.