Bridgford Foods Co. (NASDAQ:BRID) Short Interest Down 13.5% in December

Bridgford Foods Co. (NASDAQ:BRID) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 6,400 shares, a decline of 13.5% from the December 15th total of 7,400 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Bridgford Foods Stock Down 1.4 %

BRID traded down $0.15 during trading on Friday, hitting $10.34. 151 shares of the company’s stock traded hands, compared to its average volume of 1,959. The stock has a market capitalization of $93.89 million, a price-to-earnings ratio of -93.99 and a beta of -0.65. The company’s 50 day simple moving average is $10.00 and its two-hundred day simple moving average is $9.77. Bridgford Foods has a 12-month low of $7.77 and a 12-month high of $14.69. The company has a current ratio of 4.28, a quick ratio of 2.49 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Factorial Partners LLC bought a new stake in shares of Bridgford Foods Co. (NASDAQ:BRID) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,980 shares of the company’s stock, valued at approximately $200,000. Hedge funds and other 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.