BranchOut Food Inc. (NASDAQ:BOF) Sees Significant Decrease in Short Interest

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 28,800 shares, a drop of 51.5% from the July 31st total of 59,400 shares. Based on an average daily volume of 104,500 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, Director Byron Riche Jones acquired 41,755 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were bought at an average price of $0.99 per share, with a total value of $41,337.45. Following the completion of the acquisition, the director now owns 145,834 shares in the company, valued at $144,375.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 30.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BranchOut Food

An institutional investor recently bought a new position in BranchOut Food stock. Greenwood Gearhart Inc. purchased a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned about 2.23% of BranchOut Food as of its most recent SEC filing. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Stock Performance

NASDAQ:BOF opened at $0.67 on Wednesday. The firm’s fifty day moving average price is $0.84 and its 200 day moving average price is $1.52. BranchOut Food has a 1-year low of $0.61 and a 1-year high of $3.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.32. The firm has a market cap of $2.86 million, a price-to-earnings ratio of -0.48 and a beta of 0.36.

BranchOut Food (NASDAQ:BOF) last issued its earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. The company had revenue of $1.36 million for the quarter. BranchOut Food had a negative return on equity of 143.59% and a negative net margin of 100.10%.

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.