BranchOut Food Inc. (NASDAQ:BOF) Sees Significant Drop in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 65,325 shares, a drop of 40.7% from the November 30th total of 110,231 shares. Based on an average daily volume of 58,312 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 58,312 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of BranchOut Food

An institutional investor recently bought a new position in BranchOut Food stock. Cascade Financial Partners LLC bought a new stake in BranchOut Food Inc. (NASDAQ:BOF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $51,000. Cascade Financial Partners LLC owned about 0.21% of BranchOut Food as of its most recent filing with the Securities and Exchange Commission. 2.59% of the stock is currently owned by institutional investors.

BranchOut Food Stock Down 0.3%

Shares of BOF stock traded down $0.01 during trading on Friday, reaching $3.36. The company’s stock had a trading volume of 46,709 shares, compared to its average volume of 56,345. BranchOut Food has a 1-year low of $1.53 and a 1-year high of $3.66. The stock’s 50-day moving average price is $3.08 and its 200 day moving average price is $2.56. The company has a market capitalization of $41.48 million, a price-to-earnings ratio of -5.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.63 and a quick ratio of 1.02.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter. BranchOut Food had a negative net margin of 49.75% and a negative return on equity of 150.04%. The business had revenue of $3.22 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.