Blue Star Foods Corp. (NASDAQ:BSFC) Sees Significant Growth in Short Interest

Blue Star Foods Corp. (NASDAQ:BSFC) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,780,000 shares, a growth of 579.6% from the March 31st total of 261,900 shares. Based on an average daily trading volume, of 5,220,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 5.5% of the shares of the stock are sold short.

Blue Star Foods Stock Performance

BSFC stock remained flat at $0.06 during midday trading on Thursday. The company’s stock had a trading volume of 2,460,869 shares, compared to its average volume of 4,484,681. The firm has a market cap of $2.60 million, a price-to-earnings ratio of -0.01 and a beta of 1.98. Blue Star Foods has a fifty-two week low of $0.06 and a fifty-two week high of $2.70. The stock’s 50-day simple moving average is $0.09 and its 200 day simple moving average is $0.13. The company has a quick ratio of 0.47, a current ratio of 1.28 and a debt-to-equity ratio of 0.19.

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 various crab meats sourced primarily from Southeast Asia; 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, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.