Blue Star Foods Corp. (NASDAQ:BSFC) Short Interest Down 51.5% in June

Blue Star Foods Corp. (NASDAQ:BSFC) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 82,700 shares, a drop of 51.5% from the May 31st total of 170,400 shares. Approximately 10.6% of the company’s stock are short sold. Based on an average daily trading volume, of 404,800 shares, the days-to-cover ratio is currently 0.2 days.

Blue Star Foods Stock Down 12.7 %

Shares of NASDAQ:BSFC traded down $0.29 during midday trading on Friday, hitting $2.00. The stock had a trading volume of 1,238,970 shares, compared to its average volume of 588,113. Blue Star Foods has a 12 month low of $1.65 and a 12 month high of $104.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.24 and a quick ratio of 0.62. The business’s 50-day simple moving average is $2.77 and its 200-day simple moving average is $4.89.

Blue Star Foods (NASDAQ:BSFC) last released its earnings results on Wednesday, May 15th. The company reported ($2.00) earnings per share for the quarter. Blue Star Foods had a negative net margin of 55.71% and a negative return on equity of 344.42%. The firm had revenue of $2.26 million during the quarter.

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 crab meats 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, Oceanica, Pacifika, Crab & Go, Lubkin's Coastal Pride, First Choice, Good Stuff, Coastal Pride Fresh, TOBC, and Little Cedar Farms brands.