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

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 220,300 shares, a drop of 28.3% from the October 31st total of 307,300 shares. Based on an average daily trading volume, of 7,160,000 shares, the short-interest ratio is currently 0.0 days. Approximately 4.9% of the shares of the stock are short sold.

BranchOut Food Price Performance

NASDAQ:BOF traded up $0.02 during trading hours on Friday, hitting $1.73. 24,561 shares of the company’s stock traded hands, compared to its average volume of 2,635,935. The firm has a market cap of $13.58 million, a P/E ratio of -1.66 and a beta of 0.74. BranchOut Food has a 52 week low of $0.61 and a 52 week high of $4.11. The business’s fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $1.47. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00.

Institutional Investors Weigh In On BranchOut Food

An institutional investor recently bought a new position in BranchOut Food stock. Greenwood Gearhart Inc. purchased a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food as of its most recent SEC filing. Institutional investors own 2.59% of the company’s stock.

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.