Short Interest in Blue Star Foods Corp. (NASDAQ:BSFC) Declines By 50.2%

Blue Star Foods Corp. (NASDAQ:BSFC) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 269,300 shares, a decrease of 50.2% from the June 30th total of 541,300 shares. Approximately 34.4% of the company’s shares are sold short. Based on an average daily volume of 1,550,000 shares, the short-interest ratio is presently 0.2 days.

Blue Star Foods Price Performance

Shares of NASDAQ:BSFC traded up $0.01 during midday trading on Friday, reaching $1.94. The company had a trading volume of 60,606 shares, compared to its average volume of 1,779,953. The company has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $4.09. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. Blue Star Foods has a 1-year low of $1.57 and a 1-year high of $104.00.

Blue Star Foods (NASDAQ:BSFC) last issued its earnings results on Wednesday, May 15th. The company reported ($2.00) EPS for the quarter. Blue Star Foods had a negative net margin of 55.71% and a negative return on equity of 344.42%. The firm had revenue of $2.26 million during the quarter.

Blue Star Foods Company Profile

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized crab meats and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Oceanica, Pacifika, Crab & Go, Lubkin's Coastal Pride, First Choice, Good Stuff, Coastal Pride Fresh, TOBC, and Little Cedar Farms brands.