BranchOut Food Inc. (NASDAQ:BOF) Short Interest Update

BranchOut Food Inc. (NASDAQ:BOF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 319,100 shares, an increase of 31.5% from the March 15th total of 242,700 shares. Currently, 5.3% of the company’s stock are sold short. Based on an average trading volume of 170,500 shares, the days-to-cover ratio is presently 1.9 days.

BranchOut Food Stock Up 1.7 %

NASDAQ BOF traded up $0.03 during mid-day trading on Friday, reaching $1.84. 85,811 shares of the company’s stock traded hands, compared to its average volume of 2,501,799. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 1.00. BranchOut Food has a 1-year low of $0.61 and a 1-year high of $4.11. The company has a fifty day simple moving average of $2.05 and a 200-day simple moving average of $1.90. The company has a market cap of $17.64 million, a price-to-earnings ratio of -1.77 and a beta of 0.30.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Tuesday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 255.53% and a negative net margin of 72.96%. The company had revenue of $1.51 million during the quarter.

Hedge Funds Weigh In On BranchOut Food

Several large investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in BranchOut Food during the fourth quarter valued at approximately $112,000. Renaissance Technologies LLC acquired a new stake in shares of BranchOut Food during the 4th quarter valued at approximately $26,000. NewEdge Advisors LLC bought a new position in BranchOut Food during the fourth quarter worth $45,000. Finally, Virtu Financial LLC acquired a new position in BranchOut Food in the third quarter worth $25,000. 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.