Borealis Foods Inc. (NASDAQ:BRLS) Sees Significant Increase in Short Interest

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 46,712 shares, an increase of 57.8% from the January 15th total of 29,600 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 167,810 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 167,810 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Borealis Foods in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Borealis Foods has a consensus rating of “Sell”.

Borealis Foods Stock Up 8.0%

BRLS opened at $1.62 on Friday. The stock has a market capitalization of $34.77 million, a price-to-earnings ratio of -1.88 and a beta of 0.32. Borealis Foods has a twelve month low of $0.60 and a twelve month high of $7.17. The company has a 50-day simple moving average of $1.48 and a 200 day simple moving average of $2.42.

Borealis Foods (NASDAQ:BRLS) last issued its earnings results on Wednesday, November 19th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $7.36 million for the quarter.

Borealis Foods Company Profile

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company distributes its products via retail partners across the U.S., Canada, Mexico and Europe and also sells its products online.