Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Expands By 44.4%

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 269,500 shares, a growth of 44.4% from the November 30th total of 186,600 shares. Based on an average trading volume of 389,100 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.0% of the shares of the stock are sold short.

Institutional Trading of BranchOut Food

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

BranchOut Food Stock Performance

BOF stock remained flat at $1.65 during trading on Friday. 73,609 shares of the company’s stock traded hands, compared to its average volume of 2,458,542. BranchOut Food has a fifty-two week low of $0.61 and a fifty-two week high of $4.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.49. The firm has a market capitalization of $12.96 million, a PE ratio of -1.59 and a beta of 0.72.

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.