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

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 29,600 shares, a drop of 57.9% from the December 31st total of 70,296 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 46,803 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 46,803 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Borealis Foods Stock Down 8.2%

Shares of NASDAQ:BRLS opened at $1.01 on Thursday. The firm has a 50-day simple moving average of $1.64 and a 200 day simple moving average of $2.58. Borealis Foods has a fifty-two week low of $0.91 and a fifty-two week high of $7.17. The company has a market cap of $21.67 million, a PE ratio of -1.17 and a beta of 0.34.

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

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.