Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 50.3% in July

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 22,400 shares, anincreaseof50.3% from the June 30th total of 14,900 shares. Based on an average daily volume of 49,100 shares, the days-to-cover ratio is currently 0.5 days. Currently,0.4% of the company’s stock are short sold. Currently,0.4% of the company’s stock are short sold. Based on an average daily volume of 49,100 shares, the days-to-cover ratio is currently 0.5 days.

Borealis Foods Price Performance

Shares of NASDAQ:BRLS opened at $2.84 on Thursday. Borealis Foods has a 12 month low of $2.71 and a 12 month high of $9.18. The firm has a market capitalization of $60.72 million, a P/E ratio of -2.87 and a beta of 0.27. The company’s fifty day moving average price is $3.76 and its 200 day moving average price is $5.14.

Borealis Foods (NASDAQ:BRLS) last posted its earnings results on Tuesday, May 20th. The company reported ($0.20) EPS for the quarter. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 79.21%. The firm had revenue of $6.85 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.