Short Interest in Blue Star Foods Corp. (NASDAQ:BSFC) Increases By 425.2%

Blue Star Foods Corp. (NASDAQ:BSFC) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 443,300 shares, an increase of 425.2% from the September 30th total of 84,400 shares. Approximately 18.9% of the company’s shares are sold short. Based on an average daily volume of 1,030,000 shares, the days-to-cover ratio is presently 0.4 days.

Blue Star Foods Trading Down 26.0 %

Shares of BSFC stock traded down $0.13 during trading hours on Friday, hitting $0.38. 3,400,379 shares of the company were exchanged, compared to its average volume of 856,280. Blue Star Foods has a fifty-two week low of $0.34 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.97 and a current ratio of 1.78. The company has a 50 day simple moving average of $0.75 and a two-hundred day simple moving average of $1.89.

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

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.