Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Drops By 33.4%

BranchOut Food Inc. (NASDAQ:BOF) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 36,983 shares, a decline of 33.4% from the December 31st total of 55,553 shares. Based on an average daily volume of 38,806 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 38,806 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, BranchOut Food has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Evernest Financial Advisors LLC grew its position in BranchOut Food by 579.6% during the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock worth $362,000 after purchasing an additional 150,700 shares during the period. Cascade Financial Partners LLC bought a new stake in shares of BranchOut Food during the 3rd quarter worth about $51,000. Finally, Crewe Advisors LLC acquired a new position in BranchOut Food during the fourth quarter worth $41,000. 2.59% of the stock is owned by institutional investors.

BranchOut Food Price Performance

NASDAQ:BOF traded down $0.02 during mid-day trading on Friday, reaching $2.98. 80,168 shares of the stock were exchanged, compared to its average volume of 78,879. The firm has a market capitalization of $39.96 million, a PE ratio of -4.97 and a beta of 0.63. The business has a fifty day moving average price of $3.19 and a 200 day moving average price of $2.70. The company has a current ratio of 1.63, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. BranchOut Food has a 1-year low of $1.53 and a 1-year high of $3.66.

BranchOut Food (NASDAQ:BOF) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.14) EPS for the quarter. BranchOut Food had a negative return on equity of 150.04% and a negative net margin of 49.75%.The company had revenue of $3.22 million during the quarter.

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. It also provides chocolate covered fruit items and private label products for retailers.