The Real Good Food Company, Inc. (NASDAQ:RGF) Short Interest Update

The Real Good Food Company, Inc. (NASDAQ:RGF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 296,900 shares, an increase of 42.7% from the March 31st total of 208,100 shares. Based on an average daily trading volume, of 369,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 1.6% of the company’s shares are sold short.

Real Good Food Stock Up 11.5 %

NASDAQ:RGF traded up $0.03 during midday trading on Friday, hitting $0.26. The stock had a trading volume of 286,335 shares, compared to its average volume of 333,114. Real Good Food has a one year low of $0.21 and a one year high of $5.21. The company has a market capitalization of $8.73 million and a price-to-earnings ratio of -0.13. The stock has a 50-day moving average of $0.59 and a 200 day moving average of $1.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RGF. SFE Investment Counsel bought a new position in Real Good Food in the fourth quarter worth approximately $36,000. Pinnacle Associates Ltd. purchased a new stake in Real Good Food during the fourth quarter worth $39,000. Private Advisor Group LLC lifted its holdings in Real Good Food by 69.6% during the fourth quarter. Private Advisor Group LLC now owns 152,780 shares of the company’s stock worth $232,000 after buying an additional 62,680 shares during the period. Perkins Capital Management Inc. purchased a new stake in Real Good Food during the third quarter worth $496,000. Finally, First Eagle Investment Management LLC lifted its holdings in Real Good Food by 19.2% during the fourth quarter. First Eagle Investment Management LLC now owns 387,734 shares of the company’s stock worth $589,000 after buying an additional 62,500 shares during the period. Institutional investors own 55.55% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley cut Real Good Food from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 20th.

About Real Good Food

The Real Good Food Company, Inc, through its subsidiary, operates as a health and wellness focused frozen food company in the United States. The company develops, manufactures, and markets foods designed to be high in protein, low in sugar, and made from gluten- and grain-free ingredients. It offers comfort foods, such as bacon wrapped stuffed chicken, chicken enchiladas, grain-free cheesy bread breakfast sandwiches, and various entrée bowls under the Realgood Foods Co brand name, as well as sells private-label products.