Barfresh Food Group, Inc. (NASDAQ:BRFH) Short Interest Up 129.5% in April

Barfresh Food Group, Inc. (NASDAQ:BRFH) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 67,700 shares, an increase of 129.5% from the March 31st total of 29,500 shares. Based on an average daily volume of 7,200 shares, the short-interest ratio is currently 9.4 days. Approximately 0.9% of the company’s stock are sold short.

Barfresh Food Group Price Performance

BRFH stock traded down $0.41 during midday trading on Friday, hitting $1.41. The stock had a trading volume of 1,102,879 shares, compared to its average volume of 630,606. The firm has a market cap of $20.46 million, a price-to-earnings ratio of -6.41 and a beta of 0.28. The business has a 50-day moving average of $1.16 and a two-hundred day moving average of $1.41. Barfresh Food Group has a 52-week low of $1.00 and a 52-week high of $2.39.

Barfresh Food Group (NASDAQ:BRFH) last issued its quarterly earnings results on Friday, March 22nd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $1.92 million during the quarter, compared to analysts’ expectations of $3.00 million. Barfresh Food Group had a negative return on equity of 159.29% and a negative net margin of 34.81%. Research analysts predict that Barfresh Food Group will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. bought a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Barfresh Food Group at the end of the most recent quarter. Institutional investors and hedge funds 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.