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

Tofutti Brands Inc. (OTCMKTS:TOFB) was the target of a significant 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,415 shares, the days-to-cover ratio is currently 0.7 days.

Tofutti Brands Stock Performance

OTCMKTS:TOFB opened at $0.64 on Wednesday. The company has a market cap of $3.30 million, a PE ratio of -3.76 and a beta of 0.78. Tofutti Brands has a 52-week low of $0.60 and a 52-week high of $0.85. The stock has a 50-day simple moving average of $0.67 and a 200 day simple moving average of $0.71.

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

Tofutti Brands Company Profile

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.