Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 56.5%

BranchOut Food Inc. (NASDAQ:BOF) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 153,500 shares, a decrease of 56.5% from the September 15th total of 352,700 shares. Based on an average daily volume of 6,960,000 shares, the short-interest ratio is presently 0.0 days. Currently, 3.4% of the company’s shares are sold short.

Insider Buying and Selling at BranchOut Food

In other BranchOut Food news, Director Byron Riche Jones acquired 41,755 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were acquired at an average cost of $0.99 per share, for a total transaction of $41,337.45. Following the completion of the acquisition, the director now directly owns 145,834 shares of the company’s stock, valued at approximately $144,375.66. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. acquired a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned approximately 2.23% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. 2.59% of the stock is owned by institutional investors.

BranchOut Food Trading Up 6.5 %

NASDAQ:BOF traded up $0.11 during trading hours on Friday, hitting $1.80. The stock had a trading volume of 233,472 shares, compared to its average volume of 3,011,419. The business’s 50 day moving average is $1.58 and its 200-day moving average is $1.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.80 and a current ratio of 2.02. The company has a market cap of $12.46 million, a price-to-earnings ratio of -1.75 and a beta of 0.74. BranchOut Food has a one year low of $0.61 and a one year high of $4.11.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $1.36 million during the quarter. BranchOut Food had a negative net margin of 79.93% and a negative return on equity of 175.74%.

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.