BranchOut Food Inc. (NASDAQ:BOF) Short Interest Down 40.8% in February

BranchOut Food Inc. (NASDAQ:BOF) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 77,723 shares, a drop of 40.8% from the February 12th total of 131,363 shares. Based on an average daily volume of 111,344 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 111,344 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of BranchOut Food

Hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in BranchOut Food by 82.7% in the 4th quarter. State Street Corp now owns 24,300 shares of the company’s stock valued at $77,000 after buying an additional 11,000 shares during the period. Virtu Financial LLC purchased a new position in shares of BranchOut Food during the 4th quarter worth about $35,000. Nwam LLC acquired a new stake in shares of BranchOut Food in the fourth quarter worth approximately $39,000. Crewe Advisors LLC acquired a new stake in shares of BranchOut Food in the fourth quarter worth approximately $41,000. Finally, Quadrature Capital Ltd purchased a new stake in BranchOut Food in the fourth quarter valued at approximately $59,000. 2.59% of the stock is owned by institutional investors and hedge funds.

BranchOut Food Trading Down 3.2%

Shares of BOF stock traded down $0.12 during mid-day trading on Friday, hitting $3.67. 40,524 shares of the company’s stock were exchanged, compared to its average volume of 106,381. BranchOut Food has a fifty-two week low of $1.53 and a fifty-two week high of $4.95. The stock has a 50-day simple moving average of $3.42 and a two-hundred day simple moving average of $2.96. The company has a quick ratio of 1.02, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. The stock has a market cap of $49.21 million, a price-to-earnings ratio of -6.12 and a beta of 0.30.

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. It also provides chocolate covered fruit items and private label products for retailers.