BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 172,200 shares, a drop of 36.1% from the December 15th total of 269,500 shares. Approximately 3.2% of the company’s shares are sold short. Based on an average daily volume of 369,000 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On BranchOut Food
An institutional investor recently bought a new position in BranchOut Food stock. Virtu Financial LLC bought a new position in shares of BranchOut Food Inc. (NASDAQ:BOF – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.20% of BranchOut Food as of its most recent SEC filing. 2.59% of the stock is currently owned by institutional investors and hedge funds.
BranchOut Food Trading Down 0.6 %
NASDAQ:BOF traded down $0.01 during mid-day trading on Friday, hitting $1.79. 123,866 shares of the company’s stock were exchanged, compared to its average volume of 217,410. BranchOut Food has a fifty-two week low of $0.61 and a fifty-two week high of $4.11. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $14.05 million, a P/E ratio of -1.72 and a beta of 0.74. The company has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $1.53.
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.
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