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

BranchOut Food Inc. (NASDAQ:BOF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 113,800 shares, a decrease of 25.9% from the September 30th total of 153,500 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average trading volume of 6,970,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. purchased a new position in BranchOut Food Inc. (NASDAQ:BOF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned 2.23% of BranchOut Food as of its most recent SEC filing. 2.59% of the stock is owned by hedge funds and other institutional investors.

BranchOut Food Trading Down 2.4 %

BOF traded down $0.04 on Tuesday, reaching $1.65. 100,525 shares of the company’s stock were exchanged, compared to its average volume of 2,898,111. The company’s 50 day moving average is $1.81 and its 200-day moving average is $1.47. The company has a market cap of $7.03 million, a price-to-earnings ratio of -1.18 and a beta of 0.74. BranchOut Food has a twelve month low of $0.61 and a twelve month high of $4.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.80 and a current ratio of 2.02.

BranchOut Food (NASDAQ:BOF) last posted its earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business 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%.

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.