Barfresh Food Group, Inc. (NASDAQ:BRFH – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 41,300 shares, an increase of 11.0% from the August 31st total of 37,200 shares. Based on an average trading volume of 26,700 shares, the short-interest ratio is currently 1.5 days. Approximately 0.6% of the company’s stock are sold short.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Barfresh Food Group stock. Mesirow Financial Investment Management Inc. bought a new position in Barfresh Food Group, Inc. (NASDAQ:BRFH – Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,321 shares of the company’s stock, valued at approximately $27,000. Mesirow Financial Investment Management Inc. owned 0.15% of Barfresh Food Group at the end of the most recent quarter. Institutional investors and hedge funds own 22.66% of the company’s stock.
Barfresh Food Group Price Performance
NASDAQ BRFH traded up $0.07 during mid-day trading on Tuesday, reaching $2.91. The stock had a trading volume of 2,161 shares, compared to its average volume of 282,105. The company has a fifty day moving average price of $3.34 and a 200 day moving average price of $2.52. Barfresh Food Group has a 1 year low of $1.00 and a 1 year high of $4.61. The stock has a market cap of $42.84 million, a PE ratio of -16.17 and a beta of 0.44.
Wall Street Analyst Weigh In
Separately, Greenridge Global upgraded shares of Barfresh Food Group from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Monday, August 19th.
Check Out Our Latest Stock Analysis on Barfresh Food Group
Barfresh Food Group Company Profile
Barfresh Food Group, Inc, together with its subsidiaries, manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. It offers smoothies, shakes and frappes in various formats comprising ready-to-drink smoothie, easy pour, juice concentrates, and single serve.
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