Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Grows By 44.4%

BranchOut Food Inc. (NASDAQ:BOF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 269,500 shares, a growth of 44.4% from the November 30th total of 186,600 shares. Based on an average daily trading volume, of 389,100 shares, the short-interest ratio is currently 0.7 days. Approximately 5.0% of the company’s shares are sold short.

BranchOut Food Stock Performance

Shares of BOF remained flat at $1.65 during trading hours on Friday. The stock had a trading volume of 73,609 shares, compared to its average volume of 2,458,542. 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 twelve month low of $0.61 and a twelve month high of $4.11. The stock has a market capitalization of $12.96 million, a price-to-earnings ratio of -1.59 and a beta of 0.73. The firm has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.49.

Institutional Investors Weigh In On BranchOut Food

An institutional investor recently bought a new position in BranchOut Food stock. Virtu Financial LLC bought a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.20% of BranchOut Food at the end of the most recent quarter. Hedge funds and other institutional investors own 2.59% of the company’s stock.

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.