BranchOut Food Inc. (NASDAQ:BOF) Sees Large Drop in Short Interest

Posted by admin on Apr 27th, 2024

BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 16,100 shares, a decrease of 46.9% from the March 31st total of 30,300 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is presently 0.0 days.

BranchOut Food Price Performance

NASDAQ BOF traded up $0.19 during trading hours on Friday, reaching $2.15. The stock had a trading volume of 16,927,183 shares, compared to its average volume of 1,620,858. The stock has a fifty day moving average of $1.93 and a 200 day moving average of $1.63. BranchOut Food has a 52-week low of $1.04 and a 52-week high of $6.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 1.72.

BranchOut Food (NASDAQ:BOF – Get Free Report) last released its quarterly earnings data on Monday, April 1st. The company reported ($0.37) EPS for the quarter. The business had revenue of $1.48 million during the quarter.

Institutional Investors Weigh In On BranchOut Food

An institutional investor recently raised its position in BranchOut Food stock. Perritt Capital Management Inc. grew its stake in BranchOut Food Inc. (NASDAQ:BOF – Free Report) by 110.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,708 shares of the company’s stock after purchasing an additional 18,208 shares during the period. Perritt Capital Management Inc. owned about 0.88% of BranchOut Food worth $73,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Company Profile

(Get Free Report)

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.