Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

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

Bridgford Foods Stock Performance

Shares of BRID traded down $0.02 during midday trading on Tuesday, reaching $9.01. 1,984 shares of the stock were exchanged, compared to its average volume of 7,141. The company has a quick ratio of 2.49, a current ratio of 4.28 and a debt-to-equity ratio of 0.02. The stock's 50 day simple moving average is $9.78 and its 200 day simple moving average is $9.94. Bridgford Foods has a twelve month low of $7.77 and a twelve month high of $14.69. The company has a market cap of $81.78 million, a P/E ratio of 53.12 and a beta of -0.63.

Bridgford Foods (NASDAQ:BRID - Get Free Report) 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.

Bridgford Foods Company Profile

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.