Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Expands By 29.6%

BranchOut Food Inc. (NASDAQ:BOFGet Free Report) was the recipient 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 company’s shares are sold short. Based on an average trading volume of 205,300 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of BranchOut Food

Large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in BranchOut Food during the 3rd quarter worth about $25,000. Renaissance Technologies LLC acquired a new stake in BranchOut Food during the 4th quarter worth about $26,000. NewEdge Advisors LLC bought a new position in shares of BranchOut Food during the 4th quarter worth about $45,000. Finally, Citadel Advisors LLC bought a new position in shares of BranchOut Food during the 4th quarter worth about $112,000. 2.59% of the stock is currently owned by institutional investors and hedge funds.

BranchOut Food Stock Performance

Shares of BranchOut Food stock opened at $1.86 on Wednesday. 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 50-day moving average price of $2.02 and a two-hundred day moving average price of $1.91. BranchOut Food has a 1-year low of $0.61 and a 1-year high of $4.11. The company has a market cap of $15.91 million, a P/E ratio of -1.79 and a beta of 1.14.

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.

Further Reading

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