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

BranchOut Food Inc. (NASDAQ:BOF) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 186,600 shares, a decline of 15.3% from the November 15th total of 220,300 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 481,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC acquired a new stake in BranchOut Food Inc. (NASDAQ:BOF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.20% of BranchOut Food at the end of the most recent reporting period. 2.59% of the stock is currently owned by institutional investors and hedge funds.

BranchOut Food Price Performance

BOF remained flat at $1.78 during trading hours on Friday. The company had a trading volume of 41,446 shares, compared to its average volume of 2,546,282. The stock has a market cap of $13.98 million, a PE ratio of -1.71 and a beta of 0.72. BranchOut Food has a 12-month low of $0.61 and a 12-month high of $4.11. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $1.75 and a 200-day moving average of $1.48.

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.