BranchOut Food Inc. (NASDAQ:BOF) Short Interest Down 15.3% in November

Posted by Amy Steele on Dec 15th, 2024

BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 186,600 shares, a decrease of 15.3% from the November 15th total of 220,300 shares. Based on an average daily volume of 481,200 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.6% of the company’s shares are sold short.

BranchOut Food Price Performance

Shares of BOF remained flat at $1.78 during trading hours on Friday. 41,446 shares of the stock were exchanged, compared to its average volume of 2,546,282. BranchOut Food has a 52-week low of $0.61 and a 52-week high of $4.11. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95. The firm has a 50 day moving average price of $1.75 and a two-hundred day moving average price of $1.47. The stock has a market cap of $13.98 million, a P/E ratio of -1.71 and a beta of 0.72.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. bought a new stake in shares of BranchOut Food Inc. (NASDAQ:BOF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.59% of the company’s stock.

BranchOut Food Company Profile

(Get Free Report)

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.