Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 28.3%

BranchOut Food Inc. (NASDAQ:BOF) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 220,300 shares, a drop of 28.3% from the October 31st total of 307,300 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average trading volume of 7,160,000 shares, the short-interest ratio is currently 0.0 days.

BranchOut Food Trading Up 1.2 %

BOF traded up $0.02 during midday trading on Friday, reaching $1.73. 24,576 shares of the company’s stock were exchanged, compared to its average volume of 137,015. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. BranchOut Food has a one year low of $0.61 and a one year high of $4.11. The business has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $1.47.

Institutional Inflows and Outflows

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

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.