Short Interest in Barfresh Food Group Inc. (NASDAQ:BRFH) Drops By 21.1%

Barfresh Food Group Inc. (NASDAQ:BRFH) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 21,014 shares, a decline of 21.1% from the January 29th total of 26,628 shares. Based on an average daily volume of 6,977 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,977 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Investors Weigh In On Barfresh Food Group

An institutional investor recently bought a new position in Barfresh Food Group stock. Virtu Financial LLC purchased a new stake in shares of Barfresh Food Group Inc. (NASDAQ:BRFH) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,255 shares of the company’s stock, valued at approximately $64,000. Virtu Financial LLC owned approximately 0.11% of Barfresh Food Group at the end of the most recent quarter. 22.66% of the stock is owned by hedge funds and other institutional investors.

Barfresh Food Group Stock Performance

Shares of NASDAQ:BRFH opened at $2.73 on Monday. Barfresh Food Group has a 1 year low of $2.00 and a 1 year high of $6.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.25 and a quick ratio of 1.01. The company’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.13. The stock has a market capitalization of $43.61 million, a price-to-earnings ratio of -14.37 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Barfresh Food Group in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.00.

About Barfresh Food Group

Barfresh Food Group, Inc develops, manufactures and distributes a line of fresh-frozen, portion-controlled beverage and breakfast products for the foodservice and retail channels. The company’s flagship offerings include smoothie base blends, pancake and waffle mixes, and related griddle products designed to deliver convenience, consistency and controlled portions. Barfresh products require only the addition of liquid and blending or mixing prior to service, catering to operators seeking quick-serve solutions without sacrificing quality.

Operating from a single, fully certified manufacturing facility in Miami, Florida, Barfresh adheres to strict quality and safety protocols throughout its production processes.