Short Interest in Barfresh Food Group Inc. (NASDAQ:BRFH) Declines By 17.4%

Barfresh Food Group Inc. (NASDAQ:BRFH) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 26,628 shares, a drop of 17.4% from the January 15th total of 32,227 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 10,288 shares, the short-interest ratio is currently 2.6 days. Based on an average trading volume of 10,288 shares, the short-interest ratio is currently 2.6 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Virtu Financial LLC bought a new stake in Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.11% of Barfresh Food Group as of its most recent SEC filing. 22.66% of the stock is owned by institutional investors and hedge funds.

Barfresh Food Group Stock Up 4.5%

Shares of NASDAQ BRFH opened at $2.99 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.25 and a debt-to-equity ratio of 0.17. The firm has a market cap of $47.75 million, a PE ratio of -15.74 and a beta of 0.93. The company’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $3.14. Barfresh Food Group has a 12-month low of $2.00 and a 12-month high of $6.08.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a research note on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Barfresh Food Group currently has a consensus rating of “Hold” and an average price target of $6.00.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.