Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 36.1%

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 172,200 shares, a drop of 36.1% from the December 15th total of 269,500 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 369,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC acquired a new position in BranchOut Food Inc. (NASDAQ:BOF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.20% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Trading Down 0.6 %

Shares of NASDAQ BOF traded down $0.01 during midday trading on Friday, hitting $1.79. 156,798 shares of the company traded hands, compared to its average volume of 220,463. BranchOut Food has a 12-month low of $0.61 and a 12-month high of $4.11. The firm has a market cap of $14.06 million, a P/E ratio of -1.72 and a beta of 0.74. The stock has a 50-day moving average price of $1.78 and a 200 day moving average price of $1.54. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 1.27.

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.