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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. bought a new stake 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. The fund bought 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food at the end of the most recent quarter. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

Shares of BranchOut Food stock traded down $0.04 on Tuesday, hitting $1.65. The company’s stock had a trading volume of 100,525 shares, compared to its average volume of 2,898,111. BranchOut Food has a 52-week low of $0.61 and a 52-week high of $4.11. The company has a quick ratio of 1.80, a current ratio of 2.02 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average price of $1.81 and a 200-day moving average price of $1.47. The company has a market capitalization of $7.03 million, a P/E ratio of -1.18 and a beta of 0.74.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings data 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 business had revenue of $1.36 million during the quarter.

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.