BranchOut Food Inc. (NASDAQ:BOF) Short Interest Update

BranchOut Food Inc. (NASDAQ:BOF) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 30,191 shares, a decline of 62.3% from the April 15th total of 79,999 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 57,425 shares, the days-to-cover ratio is presently 0.5 days.

Insider Buying and Selling at BranchOut Food

In related news, major shareholder Daniel Louis Kaufman sold 255,951 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $3.29, for a total transaction of $842,078.79. Following the sale, the insider directly owned 1,403,506 shares in the company, valued at approximately $4,617,534.74. The trade was a 15.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 21.50% of the company’s stock.

Hedge Funds Weigh In On BranchOut Food

A number of hedge funds and other institutional investors have recently bought and sold shares of BOF. Evernest Financial Advisors LLC increased its holdings in shares of BranchOut Food by 579.6% in the 3rd quarter. Evernest Financial Advisors LLC now owns 176,700 shares of the company’s stock worth $362,000 after buying an additional 150,700 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of BranchOut Food during the 4th quarter worth $59,000. Stifel Financial Corp lifted its holdings in shares of BranchOut Food by 276.6% during the 4th quarter. Stifel Financial Corp now owns 386,000 shares of the company’s stock worth $1,227,000 after acquiring an additional 283,500 shares during the last quarter. State Street Corp grew its position in BranchOut Food by 82.7% in the fourth quarter. State Street Corp now owns 24,300 shares of the company’s stock worth $77,000 after acquiring an additional 11,000 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in BranchOut Food in the fourth quarter worth $82,000. Hedge funds and other institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

NASDAQ BOF traded up $0.44 during trading on Thursday, reaching $3.67. The company’s stock had a trading volume of 30,475 shares, compared to its average volume of 77,318. The firm has a fifty day moving average of $3.77 and a 200 day moving average of $3.42. BranchOut Food has a one year low of $1.65 and a one year high of $4.95. The stock has a market capitalization of $53.44 million, a PE ratio of -6.32 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.53.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.16) earnings per share (EPS) for the quarter. BranchOut Food had a negative net margin of 44.63% and a negative return on equity of 135.29%. The business had revenue of $4.01 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BOF. Wall Street Zen raised BranchOut Food from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of BranchOut Food in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, BranchOut Food presently has a consensus rating of “Sell”.

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