Tofutti Brands Inc. (OTCMKTS:TOFB) Short Interest Down 41.2% in May

Tofutti Brands Inc. (OTCMKTS:TOFB) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,000 shares, a drop of 41.2% from the May 14th total of 1,700 shares. Based on an average trading volume of 1,415 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Tofutti Brands Price Performance

Shares of OTCMKTS TOFB opened at $0.64 on Monday. The business’s 50 day moving average is $0.67 and its two-hundred day moving average is $0.71. The company has a market cap of $3.30 million, a P/E ratio of -3.76 and a beta of 0.78. Tofutti Brands has a 12 month low of $0.60 and a 12 month high of $0.85.

Tofutti Brands (OTCMKTS:TOFB) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.05) EPS for the quarter. The business had revenue of $1.56 million during the quarter. Tofutti Brands had a negative return on equity of 36.07% and a negative net margin of 11.25%.

About Tofutti Brands

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.