Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 42.5%

BranchOut Food Inc. (NASDAQ:BOF) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 15,400 shares, a decline of 42.5% from the February 29th total of 26,800 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is currently 0.2 days.

BranchOut Food Stock Down 7.8 %

Shares of BranchOut Food stock traded down $0.16 during midday trading on Thursday, hitting $1.88. 15,194 shares of the company traded hands, compared to its average volume of 69,057. The company has a current ratio of 4.71, a quick ratio of 4.16 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $1.93 and its 200-day moving average price is $1.72. BranchOut Food has a 12 month low of $1.10 and a 12 month high of $6.20.

Institutional Investors Weigh In On BranchOut Food

An institutional investor recently raised its position in BranchOut Food stock. Perritt Capital Management Inc. increased its holdings in shares of BranchOut Food Inc. (NASDAQ:BOF) by 110.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,708 shares of the company’s stock after buying an additional 18,208 shares during the period. Perritt Capital Management Inc. owned about 0.88% of BranchOut Food worth $73,000 at the end of the most recent quarter. Institutional investors and hedge funds own 2.59% of the company’s stock.

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.