Short Interest in Bridgford Foods Corporation (NASDAQ:BRID) Grows By 21.6%

Bridgford Foods Corporation (NASDAQ:BRID) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 12,353 shares, an increase of 21.6% from the February 12th total of 10,158 shares. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is presently 6.2 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,984 shares, the days-to-cover ratio is presently 6.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Bridgford Foods in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Bridgford Foods

An institutional investor recently bought a new position in Bridgford Foods stock. Private Management Group Inc. acquired a new stake in shares of Bridgford Foods Corporation (NASDAQ:BRID) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,850 shares of the company’s stock, valued at approximately $213,000. Private Management Group Inc. owned about 0.30% of Bridgford Foods as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 4.68% of the company’s stock.

Bridgford Foods Stock Down 2.3%

Shares of Bridgford Foods stock opened at $7.24 on Wednesday. Bridgford Foods has a fifty-two week low of $7.00 and a fifty-two week high of $10.12. The business has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $7.78. The firm has a market cap of $65.74 million, a price-to-earnings ratio of -5.03 and a beta of -0.25.

Bridgford Foods (NASDAQ:BRID) last announced its earnings results on Friday, March 6th. The company reported ($0.09) EPS for the quarter. Bridgford Foods had a negative net margin of 5.60% and a negative return on equity of 11.02%. The company had revenue of $55.31 million for the quarter.

About Bridgford Foods

Bridgford Foods Corporation is a U.S.-based producer and distributor of specialty baked goods and snack products. The company manufactures a range of ready-to-heat and shelf-stable items, including sandwich rolls, hot dog buns, bagels, English muffins, pizza crusts, tortillas and flatbreads. In addition to its branded offerings, Bridgford Foods provides private-label manufacturing for foodservice operators, retail grocers and specialty distributors, positioning itself as a versatile supplier in both consumer and commercial channels.

Operating through distinct Retail and Foodservice segments, Bridgford Foods serves national grocery chains, club stores, convenience markets and institutional customers.