BranchOut Food Inc. (NASDAQ:BOF) Sees Significant Decrease in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 65,325 shares, a decrease of 40.7% from the November 30th total of 110,231 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 58,312 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 58,312 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Cascade Financial Partners LLC acquired a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,000 shares of the company’s stock, valued at approximately $51,000. Cascade Financial Partners LLC owned approximately 0.21% of BranchOut Food as of its most recent SEC filing. 2.59% of the stock is currently owned by hedge funds and other institutional investors.

BranchOut Food Price Performance

Shares of BranchOut Food stock opened at $3.29 on Tuesday. BranchOut Food has a 52 week low of $1.53 and a 52 week high of $3.66. 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 has a market cap of $40.63 million, a PE ratio of -5.48 and a beta of 0.62. The company’s 50-day moving average price is $3.10 and its two-hundred day moving average price is $2.58.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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