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

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a significant growth in short interest in 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 volume of 167,810 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 167,810 shares, the short-interest ratio is currently 0.3 days.

Borealis Foods Stock Up 8.0%

Borealis Foods stock opened at $1.62 on Friday. The company’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $2.42. The stock has a market cap of $34.77 million, a P/E ratio of -1.88 and a beta of 0.32. Borealis Foods has a twelve month low of $0.60 and a twelve month high of $7.17.

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.

Wall Street Analysts Forecast Growth

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