Blue Star Foods Corp. (NASDAQ:BSFC) Sees Significant Increase in Short Interest

Blue Star Foods Corp. (NASDAQ:BSFC) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,780,000 shares, an increase of 579.6% from the March 31st total of 261,900 shares. Based on an average daily trading volume, of 5,220,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 5.5% of the shares of the company are short sold.

Blue Star Foods Price Performance

Shares of NASDAQ:BSFC remained flat at $0.06 during trading on Friday. The stock had a trading volume of 5,464,890 shares, compared to its average volume of 12,920,220. The company has a current ratio of 1.28, a quick ratio of 0.47 and a debt-to-equity ratio of 0.19. Blue Star Foods has a 52-week low of $0.06 and a 52-week high of $2.70. The stock has a fifty day simple moving average of $0.09 and a 200-day simple moving average of $0.13. The stock has a market cap of $2.58 million, a price-to-earnings ratio of -0.01 and a beta of 1.98.

Blue Star Foods Company Profile

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.