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

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 172,200 shares, a drop of 36.1% from the December 15th total of 269,500 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 369,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC bought a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.20% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

BOF traded down $0.01 during trading on Friday, hitting $1.79. 123,866 shares of the stock traded hands, compared to its average volume of 217,410. The business has a 50 day moving average price of $1.78 and a 200 day moving average price of $1.53. The company has a market cap of $14.05 million, a price-to-earnings ratio of -1.72 and a beta of 0.74. BranchOut Food has a twelve month low of $0.61 and a twelve month high of $4.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95.

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.