Borealis Foods Inc. (NASDAQ:BRLS – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 502,902 shares, a growth of 701.5% from the April 15th total of 62,746 shares. Approximately 6.8% of the company’s shares are sold short. Based on an average trading volume of 1,389,907 shares, the days-to-cover ratio is currently 0.4 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Borealis Foods in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Borealis Foods
Borealis Foods Stock Performance
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.
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