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

BranchOut Food Inc. (NASDAQ:BOFGet Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 230,600 shares, a growth of 29.6% from the February 13th total of 178,000 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 205,300 shares, the days-to-cover ratio is currently 1.1 days.

BranchOut Food Price Performance

Shares of NASDAQ:BOF opened at $1.90 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. BranchOut Food has a 52-week low of $0.61 and a 52-week high of $4.11. The company has a 50 day moving average of $2.02 and a two-hundred day moving average of $1.91. The company has a market capitalization of $16.25 million, a price-to-earnings ratio of -1.83 and a beta of 1.14.

Institutional Trading of BranchOut Food

A number of hedge funds have recently made changes to their positions in BOF. Virtu Financial LLC acquired a new stake in shares of BranchOut Food during the third quarter worth approximately $25,000. Renaissance Technologies LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth approximately $26,000. 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. Institutional investors and hedge funds own 2.59% of the company’s stock.

About BranchOut Food

(Get Free Report)

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.

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