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

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 31,200 shares, an increase of 62.5% from the May 15th total of 19,200 shares. Based on an average daily volume of 39,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

Borealis Foods Stock Performance

Shares of BRLS stock traded down $0.40 during midday trading on Wednesday, hitting $4.78. 43,763 shares of the company were exchanged, compared to its average volume of 18,203. The firm has a market capitalization of $102.11 million, a P/E ratio of -4.82 and a beta of 0.28. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.08 and a current ratio of 0.29. The firm's 50 day moving average price is $5.28 and its two-hundred day moving average price is $5.80. Borealis Foods has a 52 week low of $3.00 and a 52 week high of $9.47.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $6.85 million during the quarter. Borealis Foods had a negative net margin of 79.21% and a negative return on equity of 892.35%.

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.