BranchOut Food Inc. (NASDAQ:BOF) Short Interest Up 29.6% in February

BranchOut Food Inc. (NASDAQ:BOF) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 230,600 shares, an increase of 29.6% from the February 13th total of 178,000 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 205,300 shares, the days-to-cover ratio is currently 1.1 days.

BranchOut Food Trading Up 4.4 %

Shares of BOF stock opened at $1.90 on Monday. 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 company has a market cap of $16.25 million, a price-to-earnings ratio of -1.83 and a beta of 1.14. The stock has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $1.91. BranchOut Food has a 1-year low of $0.61 and a 1-year high of $4.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of BranchOut Food during the third quarter worth approximately $25,000. Renaissance Technologies LLC purchased a new stake in shares of BranchOut Food during the fourth quarter worth approximately $26,000. NewEdge Advisors LLC purchased a new stake in shares of BranchOut Food during the fourth quarter worth approximately $45,000. Finally, Citadel Advisors LLC purchased a new stake in shares of BranchOut Food during the fourth quarter worth approximately $112,000. 2.59% of the stock is owned by institutional investors and hedge funds.

About BranchOut Food

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.