Blue Star Foods Corp. (NASDAQ:BSFC) Sees Large Decline in Short Interest

Blue Star Foods Corp. (NASDAQ:BSFC) was the recipient of a significant 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. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.2% of the shares of the stock are sold short.

Blue Star Foods Stock Down 2.9 %

Shares of NASDAQ BSFC traded down $0.01 during mid-day trading on Wednesday, reaching $0.28. 474,609 shares of the company were exchanged, compared to its average volume of 923,050. Blue Star Foods has a 1 year low of $0.26 and a 1 year high of $9.39. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $0.54 and a 200 day moving average of $1.59.

Blue Star Foods (NASDAQ:BSFC) last issued 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 return on equity of 204.29% and a negative net margin of 60.59%. The firm had revenue of $1.78 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.