Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Decreases By 44.4%

BranchOut Food Inc. (NASDAQ:BOF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 58,700 shares, a drop of 44.4% from the September 30th total of 105,500 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on BOF. Weiss Ratings reissued a “sell (e+)” rating on shares of BranchOut Food in a report on Tuesday, October 14th. Wall Street Zen cut shares of BranchOut Food from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, BranchOut Food currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On BranchOut Food

Institutional investors have recently made changes to their positions in the stock. Cascade Financial Partners LLC bought a new stake in shares of BranchOut Food in the 3rd quarter valued at about $51,000. XTX Topco Ltd bought a new stake in BranchOut Food in the first quarter valued at approximately $69,000. Finally, Evernest Financial Advisors LLC bought a new stake in BranchOut Food in the first quarter valued at approximately $386,000. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Trading Up 3.6%

Shares of BOF stock opened at $3.15 on Friday. The firm has a market capitalization of $37.11 million, a P/E ratio of -4.85 and a beta of 0.48. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $2.28 and its 200 day simple moving average is $2.22. BranchOut Food has a twelve month low of $1.52 and a twelve month high of $3.24.

BranchOut Food (NASDAQ:BOF) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.17) earnings per share for the quarter. BranchOut Food had a negative return on equity of 187.09% and a negative net margin of 51.87%.The firm had revenue of $3.30 million for the quarter.

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.