BranchOut Food Inc. (NASDAQ:BOF) Short Interest Down 36.1% in December

BranchOut Food Inc. (NASDAQ:BOF) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 172,200 shares, a decline of 36.1% from the December 15th total of 269,500 shares. Currently, 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 369,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC purchased a new stake in BranchOut Food Inc. (NASDAQ:BOF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 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 Stock Performance

Shares of BOF opened at $1.69 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 1.00. The firm’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $1.53. BranchOut Food has a 12 month low of $0.61 and a 12 month high of $4.11. The stock has a market capitalization of $13.27 million, a P/E ratio of -1.63 and a beta of 0.74.

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.