Borealis Foods Inc. (NASDAQ:BRLS) Sees Significant Increase in Short Interest

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 19,200 shares, a growth of 33.3% from the March 31st total of 14,400 shares. Currently, 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 6.9 days.

Borealis Foods Stock Down 2.5 %

Borealis Foods stock traded down $0.15 during mid-day trading on Tuesday, hitting $5.80. The company's stock had a trading volume of 406 shares, compared to its average volume of 27,248. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.44 and a quick ratio of 0.15. Borealis Foods has a 52-week low of $3.88 and a 52-week high of $10.75. The firm's 50 day moving average is $5.96 and its 200 day moving average is $6.05. The company has a market cap of $123.98 million, a PE ratio of -4.53 and a beta of 0.53.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported ($0.27) EPS for the quarter. The company had revenue of $6.76 million for the quarter.

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.