BranchOut Food Inc. (NASDAQ:BOF) Short Interest Update

BranchOut Food Inc. (NASDAQ:BOF) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 307,300 shares, a growth of 170.0% from the October 15th total of 113,800 shares. Based on an average daily volume of 7,140,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 6.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. bought a new stake in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food at the end of the most recent reporting period. 2.59% of the stock is owned by hedge funds and other institutional investors.

BranchOut Food Stock Down 2.0 %

NASDAQ BOF opened at $1.96 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.02 and a quick ratio of 1.80. The company’s 50 day simple moving average is $1.87 and its 200 day simple moving average is $1.50. BranchOut Food has a 12 month low of $0.61 and a 12 month high of $4.11. The company has a market capitalization of $13.56 million, a P/E ratio of -1.91 and a beta of 0.74.

BranchOut Food (NASDAQ:BOF) last released its earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $1.36 million during the quarter. BranchOut Food had a negative return on equity of 175.74% and a negative net margin of 79.93%.

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.