The Real Good Food Company, Inc. (NASDAQ:RGF) Sees Significant Decline in Short Interest

The Real Good Food Company, Inc. (NASDAQ:RGF – Get Rating) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 39,000 shares, a decrease of 25.3% from the March 31st total of 52,200 shares. Based on an average daily trading volume, of 34,500 shares, the short-interest ratio is presently 1.1 days. Approximately 0.8% of the company’s shares are sold short.

Shares of RGF stock opened at $7.16 on Monday. The business has a 50 day moving average of $7.06. Real Good Food has a 52 week low of $4.56 and a 52 week high of $12.75.

A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Real Good Food from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. Roth Capital began coverage on shares of Real Good Food in a research report on Tuesday, March 8th. They set a “buy” rating and a $11.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $12.19.

In related news, Director Deanna T. Brady bought 5,993 shares of the company’s stock in a transaction dated Tuesday, March 15th. The stock was purchased at an average cost of $6.14 per share, with a total value of $36,797.02. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Several institutional investors and hedge funds have recently bought and sold shares of RGF. Virtu Financial LLC purchased a new position in shares of Real Good Food in the fourth quarter worth approximately $63,000. Envestnet Asset Management Inc. purchased a new position in Real Good Food during the fourth quarter valued at approximately $75,000. BlackRock Inc. purchased a new position in Real Good Food during the fourth quarter valued at approximately $108,000. Woodline Partners LP purchased a new position in Real Good Food during the fourth quarter valued at approximately $155,000. Finally, Millennium Management LLC purchased a new position in Real Good Food during the fourth quarter valued at approximately $187,000. 62.34% of the stock is currently owned by institutional investors.

About Real Good Food (Get Rating)

The Real Good Food Company, Inc focuses on operating as a holding company for The Real Good Food Company, LLC that operates as a health- and wellness-focused frozen food company. It develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients in the United States.

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