BranchOut Food Inc. (NASDAQ:BOF – Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 230,600 shares, an increase of 29.6% from the February 13th total of 178,000 shares. Based on an average daily trading volume, of 205,300 shares, the days-to-cover ratio is currently 1.1 days. Currently, 4.0% of the company’s shares are sold short.
Institutional Trading of BranchOut Food
Several large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of BranchOut Food during the 4th quarter worth $112,000. NewEdge Advisors LLC purchased a new position in shares of BranchOut Food during the 4th quarter worth $45,000. Renaissance Technologies LLC purchased a new position in shares of BranchOut Food during the 4th quarter worth $26,000. Finally, Virtu Financial LLC purchased a new position in shares of BranchOut Food during the 3rd quarter worth $25,000. 2.59% of the stock is currently owned by hedge funds and other institutional investors.
BranchOut Food Stock Up 4.4 %
Shares of NASDAQ:BOF opened at $1.90 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $2.02 and a two-hundred day moving average of $1.91. The stock has a market cap of $16.25 million, a P/E ratio of -1.83 and a beta of 1.14. BranchOut Food has a 52-week low of $0.61 and a 52-week high of $4.11.
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.
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