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

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 502,902 shares, a growth of 701.5% from the April 15th total of 62,746 shares. Based on an average daily volume of 1,389,907 shares, the days-to-cover ratio is presently 0.4 days. Currently, 6.8% of the shares of the company are short sold.

Borealis Foods Stock Down 2.3%

NASDAQ BRLS traded down $0.03 during trading hours on Tuesday, reaching $1.28. The company’s stock had a trading volume of 41,881 shares, compared to its average volume of 1,192,984. The firm’s 50-day moving average price is $1.42 and its 200-day moving average price is $1.79. Borealis Foods has a 1 year low of $0.60 and a 1 year high of $7.05. The company has a market capitalization of $27.47 million, a price-to-earnings ratio of -1.49 and a beta of 0.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Borealis Foods in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.