Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Decreases By 14.7%

Barfresh Food Group, Inc. (NASDAQ:BRFH) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 30,100 shares, a drop of 14.7% from the March 15th total of 35,300 shares. Based on an average daily trading volume, of 12,600 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.5% of the company’s shares are sold short.

Barfresh Food Group Trading Down 2.9 %

NASDAQ BRFH opened at $2.33 on Tuesday. The firm has a market cap of $36.84 million, a PE ratio of -12.94 and a beta of 0.84. Barfresh Food Group has a 1-year low of $1.03 and a 1-year high of $4.61. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $3.01. The company has a current ratio of 1.39, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11.

Barfresh Food Group (NASDAQ:BRFH) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Barfresh Food Group had a negative net margin of 27.14% and a negative return on equity of 131.76%. The company had revenue of $2.79 million during the quarter, compared to the consensus estimate of $4.17 million. As a group, sell-side analysts forecast that Barfresh Food Group will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Barfresh Food Group

A hedge fund recently raised its stake in Barfresh Food Group stock. Geode Capital Management LLC lifted its position in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH) by 9.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,391 shares of the company’s stock after purchasing an additional 7,718 shares during the period. Geode Capital Management LLC owned 0.61% of Barfresh Food Group worth $260,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.66% of the company’s stock.

Barfresh Food Group Company Profile

Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.