Short Interest in Blue Star Foods Corp. (NASDAQ:BSFC) Expands By 425.2%

Blue Star Foods Corp. (NASDAQ:BSFC) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 443,300 shares, an increase of 425.2% from the September 30th total of 84,400 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is currently 0.4 days. Currently, 18.9% of the shares of the company are short sold.

Blue Star Foods Trading Down 9.0 %

Shares of NASDAQ BSFC traded down $0.05 during midday trading on Friday, hitting $0.47. 1,136,204 shares of the stock traded hands, compared to its average volume of 845,579. Blue Star Foods has a one year low of $0.40 and a one year high of $10.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.78 and a quick ratio of 0.97. The firm has a 50-day moving average of $0.76 and a two-hundred day moving average of $1.92.

Blue Star Foods (NASDAQ:BSFC) last announced its earnings results on Wednesday, August 14th. The company reported ($1.52) earnings per share (EPS) for the quarter. The firm had revenue of $1.78 million during the quarter. Blue Star Foods had a negative return on equity of 204.29% and a negative net margin of 60.59%.

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.