Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Declines By 25.9%

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 113,800 shares, a drop of 25.9% from the September 30th total of 153,500 shares. Based on an average daily trading volume, of 6,970,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.5% of the company’s stock are short sold.

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 BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned approximately 2.23% of BranchOut Food as of its most recent filing with the Securities and Exchange Commission (SEC). 2.59% of the stock is owned by hedge funds and other institutional investors.

BranchOut Food Stock Down 3.4 %

Shares of BOF traded down $0.06 during trading hours on Monday, hitting $1.69. The company had a trading volume of 328,903 shares, compared to its average volume of 2,911,547. The company has a current ratio of 2.02, a quick ratio of 1.80 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $7.20 million, a PE ratio of -1.22 and a beta of 0.74. BranchOut Food has a one year low of $0.61 and a one year high of $4.11. The company’s fifty day moving average price is $1.79 and its two-hundred day moving average price is $1.47.

BranchOut Food (NASDAQ:BOF) last announced its earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. BranchOut Food had a negative return on equity of 175.74% and a negative net margin of 79.93%. The firm had revenue of $1.36 million during the quarter.

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.