Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Update

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 233,740 shares, a decrease of 49.0% from the February 12th total of 458,168 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 151,120 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 151,120 shares, the short-interest ratio is currently 1.5 days. Approximately 3.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Borealis Foods in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Borealis Foods Stock Performance

Shares of BRLS traded down $0.06 during mid-day trading on Friday, reaching $1.62. The stock had a trading volume of 22,337 shares, compared to its average volume of 1,853,448. The business has a fifty day moving average of $1.39 and a 200 day moving average of $2.23. The firm has a market cap of $34.77 million, a price-to-earnings ratio of -1.88 and a beta of 0.19. Borealis Foods has a 12 month low of $0.60 and a 12 month high of $7.05.

About Borealis Foods

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.