BranchOut Food Inc. (NASDAQ:BOF) Short Interest Up 27.4% in February

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of 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. Based on an average trading volume of 197,300 shares, the short-interest ratio is presently 0.9 days. Currently, 3.3% of the shares of the company are sold short.

Hedge Funds Weigh In On BranchOut Food

Several institutional investors have recently made changes to their positions in BOF. Renaissance Technologies LLC acquired a new stake in BranchOut Food during the fourth quarter valued at $26,000. Virtu Financial LLC purchased a new stake in shares of BranchOut Food during the 3rd quarter worth about $25,000. NewEdge Advisors LLC acquired a new stake in shares of BranchOut Food during the 4th quarter valued at about $45,000. Finally, Citadel Advisors LLC purchased a new position in shares of BranchOut Food in the 4th quarter valued at about $112,000. 2.59% of the stock is owned by hedge funds and other institutional investors.

BranchOut Food Stock Performance

BOF stock traded down $0.01 during trading on Thursday, hitting $1.89. 17,650 shares of the company traded hands, compared to its average volume of 2,461,952. 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 $16.13 million, a PE ratio of -1.81 and a beta of 1.14. The stock’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $1.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.27 and a quick ratio of 0.95.

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.