Short Interest in Barfresh Food Group Inc. (NASDAQ:BRFH) Decreases By 21.5%

Barfresh Food Group Inc. (NASDAQ:BRFH) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 40,549 shares, a decrease of 21.5% from the November 30th total of 51,651 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 4,371 shares, the short-interest ratio is currently 9.3 days. Based on an average daily volume of 4,371 shares, the short-interest ratio is currently 9.3 days. Approximately 0.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

BRFH has been the topic of several research reports. Maxim Group upped their price objective on shares of Barfresh Food Group from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Barfresh Food Group in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

Institutional Trading of Barfresh Food Group

A hedge fund recently bought a new stake in Barfresh Food Group stock. Virtu Financial LLC purchased a new stake in Barfresh Food Group Inc. (NASDAQ:BRFH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned 0.11% of Barfresh Food Group at the end of the most recent reporting period. 22.66% of the stock is owned by hedge funds and other institutional investors.

Barfresh Food Group Stock Performance

Shares of NASDAQ:BRFH traded down $0.01 during trading on Wednesday, reaching $2.84. The stock had a trading volume of 874 shares, compared to its average volume of 24,811. Barfresh Food Group has a 52 week low of $2.00 and a 52 week high of $6.08. The stock has a fifty day simple moving average of $3.14 and a two-hundred day simple moving average of $3.14. 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 capitalization of $45.27 million, a price-to-earnings ratio of -14.92 and a beta of 1.07.

Barfresh Food Group (NASDAQ:BRFH) last released its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Barfresh Food Group had a negative net margin of 24.05% and a negative return on equity of 151.77%. The company had revenue of $4.23 million during the quarter, compared to the consensus estimate of $4.36 million. As a group, analysts anticipate that Barfresh Food Group will post -0.13 earnings per share for the current fiscal year.

Barfresh Food Group Company Profile

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.