BranchOut Food Inc. (NASDAQ:BOF) Sees Large Increase in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 178,000 shares, a growth of 27.4% from the January 31st total of 139,700 shares. Currently, 3.3% of the company’s shares are sold short. Based on an average daily volume of 197,300 shares, the short-interest ratio is presently 0.9 days.

BranchOut Food Trading Down 3.2 %

Shares of BOF stock opened at $1.83 on Friday. The firm has a market cap of $15.66 million, a P/E ratio of -1.76 and a beta of 1.14. BranchOut Food has a 1-year low of $0.61 and a 1-year high of $4.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95. The firm’s 50-day simple moving average is $2.00 and its 200-day simple moving average is $1.85.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in shares of BranchOut Food during the third quarter worth approximately $25,000. NewEdge Advisors LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth approximately $45,000. Finally, Citadel Advisors LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth approximately $112,000. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Company Profile

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.