Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 40.8%

BranchOut Food Inc. (NASDAQ:BOF) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 77,723 shares, a decline of 40.8% from the February 12th total of 131,363 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 111,344 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 111,344 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Trading of BranchOut Food

Several institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position 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 worth $77,000 after buying an additional 11,000 shares during the period. Virtu Financial LLC acquired a new position in BranchOut Food in the fourth quarter valued at $35,000. Nwam LLC purchased a new stake in BranchOut Food during the fourth quarter valued at about $39,000. Crewe Advisors LLC purchased a new stake in BranchOut Food during the fourth quarter valued at about $41,000. Finally, Quadrature Capital Ltd acquired a new stake in BranchOut Food during the fourth quarter worth about $59,000. 2.59% of the stock is owned by hedge funds and other institutional investors.

BranchOut Food Price Performance

BranchOut Food stock opened at $3.67 on Friday. BranchOut Food has a 1 year low of $1.53 and a 1 year high of $4.95. 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 firm has a 50 day moving average price of $3.42 and a 200 day moving average price of $2.96. The company has a market cap of $49.21 million, a price-to-earnings ratio of -6.12 and a beta of 0.30.

Wall Street Analyst Weigh In

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

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