November 17, 2016 - By Marguerite Chambers · 0 Comments
The stock of Tofutti Brands Incorporated (OTCMKTS:TOF) registered a decrease of 63% in short interest. TOF’s total short interest was 3,700 shares in November as published by FINRA. Its down 63% from 10,000 shares, reported previously. With 4,800 shares average volume, it will take short sellers 1 days to cover their TOF’s short positions. The short interest to Tofutti Brands Incorporated’s float is 0.16%. About 2,474 shares traded hands. Tofutti Brands Inc. (OTCMKTS:TOFB) has declined 39.39% since April 15, 2016 and is downtrending. It has underperformed by 44.02% the S&P500.
Tofutti Brands Inc. is engaged in the development, production and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. The company has a market cap of $9.53 million. TOFUTTI products are soy-based, non-dairy products, which contain no butterfat, cholesterol or lactose. It has a 117.76 P/E ratio. The Firm operates through the segment of development, production and marketing of soy-based, non-dairy frozen desserts, frozen food products and soy cheese products.
Insitutional Activity: The institutional sentiment decreased to 2 in Q2 2016. Its down 1.00, from 3 in 2016Q1. The ratio fall, as 0 funds sold all Tofutti Brands Inc. shares owned while 1 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 151,366 shares or 0.16% less from 151,602 shares in 2016Q1.
Blackrock Fund Advsrs last reported 628 shares in the company. Renaissance Technologies Limited Liability Co reported 32,000 shares or 0% of all its holdings. Moreover, Tower Research Cap Llc (Trc) has 0% invested in Tofutti Brands Inc. (OTCMKTS:TOFB) for 655 shares. The Pennsylvania-based Vanguard Incorporated has invested 0% in Tofutti Brands Inc. (OTCMKTS:TOFB). The Texas-based Dimensional Fund Advisors Lp has invested 0% in Tofutti Brands Inc. (OTCMKTS:TOFB).
Tofutti Brands Inc., incorporated on December 4, 1984, is engaged in the development, production and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. TOFUTTI products are soy-based, non-dairy products, which contain no butterfat, cholesterol or lactose. The Firm operates through the segment of development, production and marketing of soy-based, non-dairy frozen desserts, frozen food products and soy cheese products. The Company’s products are also free of cholesterol and derive their fat from soy and corn. With the exception of Mintz’s Blintzes, all of its products are completely vegan and its soy-cheese products are gluten free as well. In addition, all of its products are certified kosher-parve and all of its soy-cheese products are certified halal. The Company’s non-dairy products include frozen desserts, soy cheeses and spreads, and other frozen food products. The Firm sells its dairy-free frozen dessert products, frozen entrees and soy-cheese products in various markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, Cleveland, Dallas, Denver, Detroit, Houston, Kansas City, Los Angeles, Miami, Milwaukee, Minneapolis, Nashville, New York, Orlando, Philadelphia, Phoenix, Portland, Richmond, Salt Lake City, San Diego, San Francisco, Seattle, St. Louis, Tampa and Washington, D.C.
More notable recent Tofutti Brands Inc. (OTCMKTS:TOFB) news were published by: Thestreet.com which released: “Tofutti Brands Inc Stock Upgraded (TOF)” on May 15, 2014, also Quotes.Wsj.com with their article: “News Tofutti Brands Inc.TOF” published on June 14, 2011, Marketwatch.com published: “Tofutti Brands Inc.” on November 15, 2016. More interesting news about Tofutti Brands Inc. (OTCMKTS:TOFB) were released by: Prnewswire.com and their article: “Tofutti Brands Inc. Announces Notification of NYSE MKT Listing Deficiency” published on April 02, 2015 as well as Streetinsider.com‘s news article titled: “Tofutti Brands (TOF) Will Begin Trading OTC; Symbol Remains ‘TOF'” with publication date: October 24, 2016.
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By Marguerite Chambers