Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Declines By 23.4%

BranchOut Food Inc. (NASDAQ:BOF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 60,300 shares, a drop of 23.4% from the May 31st total of 78,700 shares. Based on an average daily trading volume, of 2,060,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.5% of the company’s shares are sold short.

BranchOut Food Trading Up 2.4 %

BranchOut Food stock traded up $0.02 during mid-day trading on Friday, hitting $0.70. 215,253 shares of the stock were exchanged, compared to its average volume of 113,602. The company has a quick ratio of 1.32, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. BranchOut Food has a 12 month low of $0.68 and a 12 month high of $3.74. The firm’s fifty day simple moving average is $1.68 and its two-hundred day simple moving average is $1.67. The stock has a market capitalization of $2.96 million and a price-to-earnings ratio of -0.50.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 143.59% and a negative net margin of 100.10%. The firm had revenue of $1.47 million for the quarter.

Institutional Trading of BranchOut Food

An institutional investor recently raised its position in BranchOut Food stock. Perritt Capital Management Inc. grew its position in shares of BranchOut Food Inc. (NASDAQ:BOF) by 110.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,708 shares of the company’s stock after acquiring an additional 18,208 shares during the quarter. Perritt Capital Management Inc. owned 0.88% of BranchOut Food worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.