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

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 179,272 shares, a drop of 15.8% from the March 15th total of 212,817 shares. Based on an average daily volume of 12,809 shares, the short-interest ratio is currently 14.0 days. Approximately 1.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat, Borealis Foods has an average rating of “Sell”.

Borealis Foods Stock Up 11.0%

Shares of NASDAQ BRLS traded up $0.10 during trading hours on Friday, hitting $1.04. 2,501 shares of the stock were exchanged, compared to its average volume of 1,253,617. Borealis Foods has a 12 month low of $0.60 and a 12 month high of $7.05. The firm has a fifty day moving average price of $1.50 and a 200-day moving average price of $2.02. The company has a market cap of $22.32 million, a PE ratio of -1.21 and a beta of 0.26.

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.