BranchOut Food Inc. (NASDAQ:BOF) Short Interest Up 191.6% in January

BranchOut Food Inc. (NASDAQ:BOF) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 107,832 shares, a growth of 191.6% from the January 15th total of 36,983 shares. Based on an average daily trading volume, of 118,915 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,915 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of BranchOut Food in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BOF. Evernest Financial Advisors LLC lifted its position in shares of BranchOut Food by 579.6% during the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock valued at $362,000 after acquiring an additional 150,700 shares during the last quarter. Cascade Financial Partners LLC acquired a new position in shares of BranchOut Food in the 3rd quarter worth $51,000. Crewe Advisors LLC acquired a new stake in shares of BranchOut Food during the fourth quarter worth $41,000. Finally, Nwam LLC purchased a new stake in shares of BranchOut Food during the fourth quarter valued at $39,000. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

Shares of NASDAQ BOF opened at $2.89 on Thursday. BranchOut Food has a twelve month low of $1.53 and a twelve month high of $3.66. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $38.75 million, a price-to-earnings ratio of -4.82 and a beta of 0.63. The firm has a 50-day moving average of $3.18 and a two-hundred day moving average of $2.71.

BranchOut Food (NASDAQ:BOF) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.14) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 150.04% and a negative net margin of 49.75%.The business had revenue of $3.22 million during the quarter.

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. It also provides chocolate covered fruit items and private label products for retailers.