Short Interest in Blue Star Foods Corp. (NASDAQ:BSFC) Decreases By 45.1%

Blue Star Foods Corp. (NASDAQ:BSFC) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 243,400 shares, a drop of 45.1% from the October 15th total of 443,300 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is currently 0.2 days.

Blue Star Foods Stock Down 5.4 %

BSFC traded down $0.02 during trading hours on Thursday, hitting $0.27. The stock had a trading volume of 341,305 shares, compared to its average volume of 921,002. The company’s fifty day simple moving average is $0.53 and its 200 day simple moving average is $1.58. Blue Star Foods has a 1 year low of $0.26 and a 1 year high of $9.39. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04.

Blue Star Foods (NASDAQ:BSFC) last issued its earnings results on Wednesday, August 14th. The company reported ($1.52) EPS for the quarter. Blue Star Foods had a negative return on equity of 204.29% and a negative net margin of 60.59%. The company had revenue of $1.78 million during the quarter.

About Blue Star Foods

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized crab meats and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Oceanica, Pacifika, Crab & Go, Lubkin's Coastal Pride, First Choice, Good Stuff, Coastal Pride Fresh, TOBC, and Little Cedar Farms brands.