Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 57.8% in January

Borealis Foods Inc. (NASDAQ:BRLS) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 46,712 shares, a growth of 57.8% from the January 15th total of 29,600 shares. Based on an average daily trading volume, of 167,810 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 167,810 shares, the short-interest ratio is presently 0.3 days.

Borealis Foods Price Performance

Shares of BRLS traded up $0.12 during trading hours on Friday, hitting $1.62. The stock had a trading volume of 234,344 shares, compared to its average volume of 4,417,492. The firm has a market capitalization of $34.77 million, a PE ratio of -1.88 and a beta of 0.32. Borealis Foods has a 12 month low of $0.60 and a 12 month high of $7.17. The stock has a fifty day moving average price of $1.48 and a 200 day moving average price of $2.41.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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.com, Borealis Foods currently has an average rating of “Sell”.

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.