Bridgford Foods Co. (NASDAQ:BRID) Short Interest Down 7.0% in March

Bridgford Foods Co. (NASDAQ:BRID) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,000 shares, a drop of 7.0% from the March 15th total of 4,300 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Bridgford Foods by 10.9% in the second quarter. Northern Trust Corp now owns 18,764 shares of the company’s stock worth $216,000 after purchasing an additional 1,847 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bridgford Foods by 4.6% in the third quarter. Vanguard Group Inc. now owns 47,964 shares of the company’s stock worth $526,000 after purchasing an additional 2,111 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Bridgford Foods by 18.5% in the first quarter. Neuberger Berman Group LLC now owns 74,751 shares of the company’s stock worth $814,000 after purchasing an additional 11,652 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Bridgford Foods by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 181,186 shares of the company’s stock worth $2,171,000 after purchasing an additional 3,084 shares during the last quarter. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Trading Down 3.4 %

Bridgford Foods stock opened at $10.75 on Tuesday. The stock has a 50-day moving average of $10.86 and a two-hundred day moving average of $10.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.56 and a current ratio of 4.71. Bridgford Foods has a one year low of $10.03 and a one year high of $13.41. The stock has a market cap of $97.61 million, a PE ratio of 25.00 and a beta of -0.58.

Bridgford Foods (NASDAQ:BRID) last released its quarterly earnings results on Friday, March 8th. The company reported $0.14 EPS for the quarter. Bridgford Foods had a return on equity of 2.93% and a net margin of 1.54%. The company had revenue of $54.84 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.