Barfresh Food Group, Inc. (NASDAQ:BRFH – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 41,300 shares, an increase of 11.0% from the August 31st total of 37,200 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 26,700 shares, the short-interest ratio is presently 1.5 days.
Institutional Trading of Barfresh Food Group
An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Barfresh Food Group, Inc. (NASDAQ:BRFH – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group as of its most recent filing with the Securities & Exchange Commission. 22.66% of the stock is owned by institutional investors.
Barfresh Food Group Price Performance
BRFH traded up $0.16 on Friday, hitting $2.84. The company had a trading volume of 11,835 shares, compared to its average volume of 283,669. The stock has a market cap of $41.80 million, a price-to-earnings ratio of -15.78 and a beta of 0.44. Barfresh Food Group has a 1-year low of $1.00 and a 1-year high of $4.61. The company’s fifty day moving average price is $3.36 and its 200 day moving average price is $2.49.
Wall Street Analyst Weigh In
Separately, Greenridge Global raised shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Monday, August 19th.
View Our Latest Report on Barfresh Food Group
About Barfresh Food Group
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.
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