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

Bridgford Foods Co. (NASDAQ:BRIDGet Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 7,200 shares, a growth of 41.2% from the September 15th total of 5,100 shares. Based on an average daily volume of 15,100 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold.

Bridgford Foods Price Performance

Shares of NASDAQ:BRID opened at $9.00 on Tuesday. 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. The stock’s 50 day moving average is $9.82 and its 200-day moving average is $10.08. The firm has a market capitalization of $81.69 million, a price-to-earnings ratio of 52.94 and a beta of -0.63.

Bridgford Foods (NASDAQ:BRIDGet Free Report) last issued its earnings results on Friday, August 23rd. The company reported ($0.20) earnings per share for the quarter. Bridgford Foods had a negative return on equity of 0.79% and a negative net margin of 0.44%. The firm had revenue of $49.26 million for the quarter.

About Bridgford Foods

(Get Free Report)

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.

See Also

Receive News & Ratings for Bridgford Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgford Foods and related companies with MarketBeat.com's FREE daily email newsletter.