BranchOut Food Inc. (NASDAQ:BOF) Short Interest Update

BranchOut Food Inc. (NASDAQ:BOF) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 307,300 shares, an increase of 170.0% from the October 15th total of 113,800 shares. Based on an average daily volume of 7,140,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 6.8% of the shares of the stock are short sold.

BranchOut Food Stock Performance

BranchOut Food stock opened at $1.96 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.80 and a debt-to-equity ratio of 0.04. BranchOut Food has a 1 year low of $0.61 and a 1 year high of $4.11. The company has a market cap of $13.56 million, a PE ratio of -1.91 and a beta of 0.74. The company’s 50-day moving average is $1.87 and its two-hundred day moving average is $1.50.

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

Hedge Funds Weigh In On BranchOut Food

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 disclosure with the Securities and Exchange Commission (SEC). 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. Institutional investors own 2.59% of the company’s stock.

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.