BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 230,600 shares, a growth of 29.6% from the February 13th total of 178,000 shares. Currently, 4.0% of the shares of the stock are short sold. Based on an average daily volume of 205,300 shares, the short-interest ratio is currently 1.1 days.
Institutional Investors Weigh In On BranchOut Food
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of BranchOut Food during the third quarter worth $25,000. Renaissance Technologies LLC acquired a new position in shares of BranchOut Food during the fourth quarter worth $26,000. NewEdge Advisors LLC acquired a new stake in BranchOut Food in the fourth quarter valued at $45,000. Finally, Citadel Advisors LLC acquired a new stake in BranchOut Food in the fourth quarter valued at $112,000. 2.59% of the stock is currently owned by institutional investors.
BranchOut Food Stock Down 2.1 %
NASDAQ BOF opened at $1.86 on Wednesday. The business has a fifty day moving average price of $2.02 and a two-hundred day moving average price of $1.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95. BranchOut Food has a fifty-two week low of $0.61 and a fifty-two week high of $4.11. The stock has a market capitalization of $15.91 million, a PE ratio of -1.79 and a beta of 1.14.
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.
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