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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Borealis Foods in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Borealis Foods Stock Performance

NASDAQ:BRLS opened at $0.97 on Friday. The firm has a 50-day simple moving average of $1.62 and a 200-day simple moving average of $2.57. Borealis Foods has a one year low of $0.91 and a one year high of $7.17. The firm has a market cap of $20.73 million, a P/E ratio of -1.12 and a beta of 0.34.

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