BranchOut Food Inc. (NASDAQ:BOF) Short Interest Down 51.5% in August

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 28,800 shares, a drop of 51.5% from the July 31st total of 59,400 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 104,500 shares, the days-to-cover ratio is currently 0.3 days.

BranchOut Food Stock Performance

Shares of NASDAQ BOF traded up $0.12 during mid-day trading on Friday, hitting $2.00. The company had a trading volume of 8,739,369 shares, compared to its average volume of 2,508,143. The company has a market capitalization of $8.52 million, a price-to-earnings ratio of -1.43 and a beta of 0.36. BranchOut Food has a 1 year low of $0.61 and a 1 year high of $3.60. The company has a current ratio of 1.46, a quick ratio of 1.32 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $0.86 and its 200-day moving average price is $1.52.

BranchOut Food (NASDAQ:BOF) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $1.36 million for the quarter. BranchOut Food had a negative net margin of 100.10% and a negative return on equity of 143.59%.

Insider Activity at BranchOut Food

In other BranchOut Food news, Director Byron Riche Jones purchased 41,755 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was bought at an average cost of $0.99 per share, with a total value of $41,337.45. Following the completion of the transaction, the director now owns 145,834 shares of the company’s stock, valued at approximately $144,375.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. purchased a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food as of its most recent SEC filing. Institutional investors own 2.59% of the company’s stock.

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.