BranchOut Food Inc. (NASDAQ:BOF) Sees Large Increase in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 178,000 shares, an increase of 27.4% from the January 31st total of 139,700 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 197,300 shares, the days-to-cover ratio is presently 0.9 days.

BranchOut Food Stock Performance

Shares of BOF opened at $1.83 on Friday. BranchOut Food has a 1 year low of $0.61 and a 1 year high of $4.11. The company has a market cap of $15.66 million, a price-to-earnings ratio of -1.76 and a beta of 1.14. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 1.27. The firm has a fifty day moving average of $2.00 and a 200-day moving average of $1.85.

Institutional Investors Weigh In On BranchOut Food

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of BranchOut Food during the fourth quarter valued at about $112,000. NewEdge Advisors LLC bought a new stake in shares of BranchOut Food during the fourth quarter valued at about $45,000. Renaissance Technologies LLC bought a new stake in shares of BranchOut Food during the fourth quarter valued at about $26,000. Finally, Virtu Financial LLC bought a new stake in shares of BranchOut Food during the third quarter valued at about $25,000. 2.59% of the stock is currently owned by institutional investors.

About BranchOut Food

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.