After Reaching Milestone, Is Bridgford Foods Corporation (NASDAQ:BRID)’s Short Interest Revealing Something?

May 18, 2018 - By Sophie Menendez

Bridgford Foods Corporation (NASDAQ:BRID) Logo

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.33, from 1.33 in 2017Q3. It dived, as 2 investors sold Bridgford Foods Corporation shares while 1 reduced holdings. 3 funds opened positions while 0 raised stakes. 366,044 shares or 1.20% more from 361,691 shares in 2017Q3 were reported.
Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Bridgford Foods Corporation (NASDAQ:BRID). Royal Bancorporation Of Canada, a Ontario – Canada-based fund reported 1 shares. California Pub Employees Retirement System owns 18,672 shares for 0% of their portfolio. Blackrock Inc holds 0% in Bridgford Foods Corporation (NASDAQ:BRID) or 938 shares. Stratos Wealth Prtnrs owns 0% invested in Bridgford Foods Corporation (NASDAQ:BRID) for 52 shares. Dimensional Fund Advisors Ltd Partnership has 0% invested in Bridgford Foods Corporation (NASDAQ:BRID). Morgan Stanley holds 1 shares or 0% of its portfolio. Neuberger Berman Gp Ltd Liability Corp reported 0% stake. 34 are owned by Acadian Asset Mngmt Limited Liability Corporation. Moreover, Raymond James & Associates has 0% invested in Bridgford Foods Corporation (NASDAQ:BRID) for 10,300 shares. 13,747 are held by Northern. Citigroup, New York-based fund reported 1,210 shares.

The stock of Bridgford Foods Corporation (NASDAQ:BRID) registered an increase of 27.03% in short interest. BRID’s total short interest was 4,700 shares in May as published by FINRA. Its up 27.03% from 3,700 shares, reported previously. With 2,900 shares average volume, it will take short sellers 2 days to cover their BRID’s short positions. The short interest to Bridgford Foods Corporation’s float is 0.29%.

The stock decreased 2.31% or $0.36 during the last trading session, reaching $15.2. About 89 shares traded. Bridgford Foods Corporation (NASDAQ:BRID) has risen 37.15% since May 18, 2017 and is uptrending. It has outperformed by 25.60% the S&P500.

Bridgford Foods Corporation, together with its subsidiaries, makes, markets, and distributes frozen and snack food products in the United States. The company has market cap of $137.97 million. The companyÂ’s food products primarily include biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. It has a 29.17 P/E ratio. It offers approximately 130 frozen food products to food service and retail clients through wholesalers, cooperatives, and distributors; and approximately 110 snack food items to supermarkets, and mass merchandise and convenience retail stores through customer owned distribution centers, as well as a direct store delivery network.

Bridgford Foods Corporation (NASDAQ:BRID) Institutional Positions Chart

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