Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Rises By 191.6%

BranchOut Food Inc. (NASDAQ:BOF) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 107,832 shares, an increase of 191.6% from the January 15th total of 36,983 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 118,915 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 118,915 shares, the short-interest ratio is presently 0.9 days. Currently, 1.0% of the company’s stock are sold short.

BranchOut Food Trading Up 1.0%

Shares of NASDAQ BOF opened at $2.92 on Friday. BranchOut Food has a 12-month low of $1.53 and a 12-month high of $3.66. The company has a market cap of $39.16 million, a price-to-earnings ratio of -4.87 and a beta of 0.63. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $3.17 and its 200 day simple moving average is $2.71.

BranchOut Food (NASDAQ:BOF) last issued its earnings results on Wednesday, November 12th. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $3.22 million during the quarter. BranchOut Food had a negative return on equity of 150.04% and a negative net margin of 49.75%.

Institutional Trading of BranchOut Food

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in BranchOut Food in the 4th quarter worth about $82,000. Renaissance Technologies LLC acquired a new position in shares of BranchOut Food during the fourth quarter worth approximately $148,000. Nwam LLC bought a new position in BranchOut Food in the 4th quarter worth approximately $39,000. Crewe Advisors LLC bought a new position in BranchOut Food in the 4th quarter worth approximately $41,000. Finally, Evernest Financial Advisors LLC increased its position in BranchOut Food by 579.6% in the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock valued at $362,000 after acquiring an additional 150,700 shares during the period. 2.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BranchOut Food in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, BranchOut Food has a consensus rating of “Sell”.

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. It also provides chocolate covered fruit items and private label products for retailers.