BranchOut Food Inc. (NASDAQ:BOF) Sees Large Drop in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 16,100 shares, a drop of 46.9% from the March 31st total of 30,300 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of BranchOut Food

An institutional investor recently raised its position in BranchOut Food stock. Perritt Capital Management Inc. boosted its holdings in BranchOut Food Inc. (NASDAQ:BOF) by 110.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,708 shares of the company’s stock after purchasing an additional 18,208 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.88% of BranchOut Food worth $73,000 at the end of the most recent quarter. 2.59% of the stock is currently owned by hedge funds and other institutional investors.

BranchOut Food Stock Performance

Shares of BOF traded up $0.19 during mid-day trading on Friday, reaching $2.15. 16,927,183 shares of the stock traded hands, compared to its average volume of 1,620,858. The stock has a fifty day simple moving average of $1.93 and a 200 day simple moving average of $1.63. BranchOut Food has a 12-month low of $1.04 and a 12-month high of $6.20. The company has a current ratio of 2.15, a quick ratio of 1.72 and a debt-to-equity ratio of 0.05.

BranchOut Food (NASDAQ:BOF) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.37) earnings per share (EPS) for the quarter. The firm had revenue of $1.48 million for the quarter.

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.