Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Declines By 25.9%

by · The Cerbat Gem

BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 113,800 shares, a decline of 25.9% from the September 30th total of 153,500 shares. Based on an average daily volume of 6,970,000 shares, the short-interest ratio is presently 0.0 days. Approximately 2.5% of the shares of the stock are short sold.

BranchOut Food Price Performance

Shares of BOF stock traded down $0.06 during mid-day trading on Monday, hitting $1.69. The company had a trading volume of 328,903 shares, compared to its average volume of 2,911,547. The company has a market capitalization of $7.20 million, a P/E ratio of -1.22 and a beta of 0.74. The stock’s 50 day moving average price is $1.79 and its 200-day moving average price is $1.47. BranchOut Food has a 52-week low of $0.61 and a 52-week high of $4.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.02 and a quick ratio of 1.80.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BranchOut Food stock. Greenwood Gearhart Inc. acquired a new stake in BranchOut Food Inc. (NASDAQ:BOF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned 2.23% of BranchOut Food at the end of the most recent reporting period. 2.59% of the stock is currently owned by institutional investors and hedge funds.

About BranchOut Food

(Get Free Report)

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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