BranchOut Food Inc. (NASDAQ:BOF) Short Interest Update

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 30,191 shares, a drop of 62.3% from the April 15th total of 79,999 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 57,425 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BOF shares. Wall Street Zen raised BranchOut Food from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BranchOut Food in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Insider Transactions at BranchOut Food

In other BranchOut Food news, major shareholder Daniel Louis Kaufman sold 255,951 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $3.29, for a total transaction of $842,078.79. Following the completion of the transaction, the insider owned 1,403,506 shares in the company, valued at approximately $4,617,534.74. The trade was a 15.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 21.50% of the company’s stock.

Institutional Trading of BranchOut Food

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of BranchOut Food during the 4th quarter worth about $35,000. Nwam LLC acquired a new position in BranchOut Food in the 4th quarter valued at approximately $39,000. Crewe Advisors LLC bought a new position in shares of BranchOut Food during the 4th quarter worth approximately $41,000. Quadrature Capital Ltd bought a new position in shares of BranchOut Food during the 4th quarter worth approximately $59,000. Finally, State Street Corp lifted its holdings in BranchOut Food by 82.7% during 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. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Stock Down 7.3%

NASDAQ BOF traded down $0.29 on Friday, reaching $3.60. The stock had a trading volume of 36,586 shares, compared to its average volume of 79,475. The business has a 50 day moving average price of $3.77 and a 200 day moving average price of $3.43. The company has a current ratio of 0.91, a quick ratio of 0.53 and a debt-to-equity ratio of 0.18. BranchOut Food has a 1 year low of $1.65 and a 1 year high of $4.95. The company has a market capitalization of $52.42 million, a price-to-earnings ratio of -6.20 and a beta of 0.87.

BranchOut Food (NASDAQ:BOF) last issued its earnings results on Thursday, May 14th. The company reported ($0.12) EPS for the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%. The firm had revenue of $2.61 million during the quarter.

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.