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

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

BranchOut Food Stock Performance

BranchOut Food stock traded up $0.02 during mid-day trading on Friday, reaching $1.73. 24,561 shares of the company’s stock were exchanged, compared to its average volume of 2,635,935. The business’s fifty day simple moving average is $1.74 and its 200 day simple moving average is $1.47. The firm has a market capitalization of $13.58 million, a PE ratio of -1.66 and a beta of 0.74. BranchOut Food has a one year low of $0.61 and a one year high of $4.11. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC purchased a new stake in BranchOut Food Inc. (NASDAQ:BOF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned approximately 0.20% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. 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.