Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Declines By 46.9%

BranchOut Food Inc. (NASDAQ:BOF) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 16,100 shares, a drop of 46.9% from the March 31st total of 30,300 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of BranchOut Food

An institutional investor recently raised its position in BranchOut Food stock. Perritt Capital Management Inc. boosted its position in shares of BranchOut Food Inc. (NASDAQ:BOF) by 110.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,708 shares of the company’s stock after buying an additional 18,208 shares during the quarter. Perritt Capital Management Inc. owned approximately 0.88% of BranchOut Food worth $73,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 2.59% of the company’s stock.

BranchOut Food Price Performance

NASDAQ:BOF traded up $0.19 during midday trading on Friday, hitting $2.15. The company’s stock had a trading volume of 17,000,974 shares, compared to its average volume of 5,506,503. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 1.72. BranchOut Food has a fifty-two week low of $1.04 and a fifty-two week high of $6.20. The firm’s 50 day moving average is $1.92 and its 200-day moving average is $1.63.

BranchOut Food (NASDAQ:BOF) last issued its earnings results on Monday, April 1st. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $1.48 million for the quarter.

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.