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

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a significant decrease in short interest in the month of 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. Based on an average daily trading volume, of 151,120 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.2% of the company’s shares are sold short. Currently, 3.2% of the company’s shares are sold short. Based on an average daily trading volume, of 151,120 shares, the days-to-cover ratio is currently 1.5 days.

Borealis Foods Trading Down 3.6%

Shares of NASDAQ BRLS traded down $0.06 during trading hours on Friday, reaching $1.62. The stock had a trading volume of 22,337 shares, compared to its average volume of 98,886. Borealis Foods has a 52-week low of $0.60 and a 52-week high of $7.05. The firm has a market cap of $34.77 million, a price-to-earnings ratio of -1.88 and a beta of 0.19. The business’s fifty day moving average price is $1.39 and its two-hundred day moving average price is $2.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Borealis Foods in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Borealis Foods currently 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.