Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 42.5%

BranchOut Food Inc. (NASDAQ:BOF) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 15,400 shares, a decline of 42.5% from the February 29th total of 26,800 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is presently 0.2 days.

BranchOut Food Price Performance

BOF stock traded down $0.16 during trading on Thursday, hitting $1.88. 15,194 shares of the company traded hands, compared to its average volume of 69,057. The stock’s 50-day simple moving average is $1.93 and its 200 day simple moving average is $1.72. The company has a quick ratio of 4.16, a current ratio of 4.71 and a debt-to-equity ratio of 0.03. BranchOut Food has a 1 year low of $1.10 and a 1 year high of $6.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BranchOut Food stock. Perritt Capital Management Inc. purchased a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,500 shares of the company’s stock, valued at approximately $54,000. Perritt Capital Management Inc. owned approximately 0.42% of BranchOut Food as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 2.59% of the company’s stock.

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.