Short Interest Worth Mentioning: Bridgford Foods Corporation (NASDAQ:BRID) Shorts Decreased by 2.78% After Short Covering

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Worth Mentioning: Bridgford Foods Corporation (NASDAQ:BRID) Shorts Decreased by 2.78% After Short Covering

The stock of Bridgford Foods Corporation (NASDAQ:BRID) registered a decrease of 2.78% in short interest. BRID’s total short interest was 3,500 shares in November as published by FINRA. Its down 2.78% from 3,600 shares, reported previously. With 1,300 shares average volume, it will take short sellers 3 days to cover their BRID’s short positions. The short interest to Bridgford Foods Corporation’s float is 0.21%. The stock closed at $11.37 during the last session. It is down 5.49% since April 25, 2016 and is downtrending. It has underperformed by 11.50% the S&P500.

Bridgford Foods Corporation is engaged in the manufacturing, marketing and distribution of a range of frozen and snack food products throughout the United States. The company has a market cap of $101.56 million. The Firm operates in two business divisions, which include the processing and distribution of frozen products, and the processing and distribution of snack food products. It has a 6.41 P/E ratio. The Company’s frozen food products segment serves both food service and retail customers.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 1.00, from 1 in 2016Q1. The ratio is positive, as 1 funds sold all Bridgford Foods Corporation shares owned while 3 reduced positions. 3 funds bought stakes while 1 increased positions. They now own 397,892 shares or 0.83% more from 394,606 shares in 2016Q1.
Northern Trust Corp accumulated 0% or 13,700 shares. Dimensional Fund L P has invested 0% of its portfolio in Bridgford Foods Corporation (NASDAQ:BRID). Citigroup Incorporated has invested 0% of its portfolio in Bridgford Foods Corporation (NASDAQ:BRID). Blackrock Inv Management Lc has invested 0% of its portfolio in Bridgford Foods Corporation (NASDAQ:BRID). Zurcher Kantonalbank (Zurich Cantonalbank) holds 5,824 shares or 0% of its portfolio. The New York-based Morgan Stanley has invested 0% in Bridgford Foods Corporation (NASDAQ:BRID). The Massachusetts-based Acadian Asset Mgmt Limited Co has invested 0% in Bridgford Foods Corporation (NASDAQ:BRID). California Pub Employees Retirement has 18,672 shares for 0% of their US portfolio. Neuberger Berman Group Incorporated Ltd Liability Corp owns 87,998 shares or 0% of their US portfolio. Moreover, Axa has 0% invested in Bridgford Foods Corporation (NASDAQ:BRID) for 817 shares. Tower Rech Capital Lc (Trc) accumulated 0% or 448 shares. Blackrock Fund Advisors, a California-based fund reported 584 shares.

BRID Company Profile

Bridgford Foods Corporation, incorporated on December 31, 1952, is engaged in the manufacturing, marketing and distribution of a range of frozen and snack food products throughout the United States. The Firm operates in two business divisions, which include the processing and distribution of frozen products, and the processing and distribution of snack food products. The Firm makes and distributes various food products, including biscuits, bread dough items, roll dough items, dry sausage products and beef jerky.

More notable recent Bridgford Foods Corporation (NASDAQ:BRID) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Seekingalpha.com with their article: “Bridgford Foods: An Obscure Name With Nice Potential” published on October 08, 2014, Equitiesfocus.com published: “Bridgford Foods Corporation (NASDAQ:BRID) Quarterly EPS From Continuing …” on November 26, 2016. More interesting news about Bridgford Foods Corporation (NASDAQ:BRID) were released by: Equitiesfocus.com and their article: “Bridgford Foods Corporation (NASDAQ:BRID) Reports Basic Consolidated EPS At $1 …” published on November 12, 2016 as well as Equitiesfocus.com‘s news article titled: “Bridgford Foods Corporation (NASDAQ:BRID) Basic Consolidated EPS At $1.6972” with publication date: November 06, 2016.

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By Winifred Garcia

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