Short Interest in Blue Star Foods Corp. (NASDAQ:BSFC) Decreases By 45.1%

Blue Star Foods Corp. (NASDAQ:BSFC) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 243,400 shares, a drop of 45.1% from the October 15th total of 443,300 shares. Approximately 5.2% of the company’s stock are sold short. Based on an average trading volume of 1,440,000 shares, the short-interest ratio is currently 0.2 days.

Blue Star Foods Stock Performance

NASDAQ:BSFC traded down $0.02 during trading hours on Thursday, hitting $0.27. 341,305 shares of the company traded hands, compared to its average volume of 921,002. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.78 and a quick ratio of 0.97. The firm’s 50-day simple moving average is $0.53 and its 200-day simple moving average is $1.58. Blue Star Foods has a one year low of $0.26 and a one year high of $9.39.

Blue Star Foods (NASDAQ:BSFC) last announced its earnings results on Wednesday, August 14th. The company reported ($1.52) earnings per share (EPS) for the quarter. Blue Star Foods had a negative net margin of 60.59% and a negative return on equity of 204.29%. The business had revenue of $1.78 million for the quarter.

About Blue Star Foods

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.