Bridgford Foods Co. (NASDAQ:BRID) Sees Large Decline in Short Interest

Bridgford Foods Co. (NASDAQ:BRID) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 6,100 shares, a drop of 15.3% from the September 30th total of 7,200 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short.

Bridgford Foods Stock Up 0.4 %

Shares of Bridgford Foods stock opened at $9.03 on Tuesday. The firm has a market cap of $81.97 million, a PE ratio of 53.12 and a beta of -0.63. The business’s 50 day simple moving average is $9.82 and its 200 day simple moving average is $9.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.49 and a current ratio of 4.28. Bridgford Foods has a 52-week low of $7.77 and a 52-week high of $14.69.

Bridgford Foods (NASDAQ:BRID) last posted its quarterly earnings data on Friday, August 23rd. The company reported ($0.20) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 0.44% and a negative return on equity of 0.79%. The business had revenue of $49.26 million during the quarter.

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.