Short Interest in Barfresh Food Group, Inc. (NASDAQ:BRFH) Rises By 18.2%

Barfresh Food Group, Inc. (NASDAQ:BRFH – Get Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 50,100 shares, an increase of 18.2% from the December 15th total of 42,400 shares. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.8% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut their price objective on Barfresh Food Group from $13.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, November 15th.

Hedge Funds Weigh In On Barfresh Food Group

Large investors have recently made changes to their positions in the business. UBS Group AG purchased a new position in shares of Barfresh Food Group during the first quarter valued at approximately $25,000. Northern Trust Corp purchased a new position in shares of Barfresh Food Group during the second quarter valued at approximately $59,000. Shay Capital LLC purchased a new position in shares of Barfresh Food Group during the first quarter valued at approximately $371,000. HighTower Advisors LLC purchased a new position in shares of Barfresh Food Group during the first quarter valued at approximately $620,000. Finally, Vanguard Group Inc. purchased a new position in shares of Barfresh Food Group during the first quarter valued at approximately $2,218,000. 20.89% of the stock is currently owned by hedge funds and other institutional investors.

Barfresh Food Group Stock Up 2.0 %

Barfresh Food Group stock opened at $1.50 on Friday. The stock’s 50 day simple moving average is $1.37 and its two-hundred day simple moving average is $2.74. Barfresh Food Group has a fifty-two week low of $1.00 and a fifty-two week high of $8.00.

Barfresh Food Group (NASDAQ:BRFH – Get Rating) last released its earnings results on Monday, November 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.18). Barfresh Food Group had a negative net margin of 41.32% and a negative return on equity of 61.85%. The business had revenue of $2.41 million for the quarter, compared to analysts’ expectations of $3.57 million. Sell-side analysts forecast that Barfresh Food Group will post -0.4 earnings per share for the current year.

Barfresh Food Group Company Profile

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Barfresh Food Group, Inc manufactures and distributes ready-to-drink and ready-to-blend frozen beverages in the United States. The company offers smoothies, shakes and frappes in various formats comprising ready-to-drink bottled, easy pour, juice concentrates, and single serve. The company was founded in 2009 and is based in Los Angeles, California.