Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Rises By 21.8%

BranchOut Food Inc. (NASDAQ:BOF) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 131,363 shares, an increase of 21.8% from the January 29th total of 107,832 shares. Based on an average daily trading volume, of 82,362 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.2% of the shares of the stock are sold short. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,362 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On BranchOut Food

A number of hedge funds have recently bought and sold shares of BOF. Virtu Financial LLC purchased a new position in shares of BranchOut Food in the 4th quarter worth $35,000. Quadrature Capital Ltd purchased a new position in BranchOut Food in the fourth quarter worth about $59,000. Bard Associates Inc. bought a new stake in BranchOut Food during the fourth quarter worth approximately $3,290,000. Stifel Financial Corp raised its position in BranchOut Food by 276.6% during the fourth quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock valued at $1,227,000 after purchasing an additional 283,500 shares during the period. Finally, State Street Corp lifted its stake in shares of BranchOut Food by 82.7% in the 4th quarter. State Street Corp now owns 24,300 shares of the company’s stock valued at $77,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 2.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

BranchOut Food Stock Performance

BOF opened at $3.81 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.63. The stock has a market capitalization of $51.09 million, a price-to-earnings ratio of -6.35 and a beta of 0.30. The company has a fifty day moving average of $3.35 and a 200 day moving average of $2.88. BranchOut Food has a fifty-two week low of $1.53 and a fifty-two week high of $4.95.

BranchOut Food Company Profile

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. It also provides chocolate covered fruit items and private label products for retailers.