Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Increases By 182.4%

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 80,200 shares, an increase of 182.4% from the September 30th total of 28,400 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 101,400 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 101,400 shares, the short-interest ratio is currently 0.8 days. Approximately 0.6% of the shares of the company are short sold.Get Borealis Foods alerts:Wall Street Analysts Forecast GrowthSeparately, Weiss Ratings restated a "sell (e+)" rating on shares of Borealis Foods in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".Check Out Our Latest Report on Borealis FoodsBorealis Foods Stock Up 7.6%Shares of BRLS opened at $3.52 on Thursday. The stock's 50-day moving average price is $2.97 and its 200 day moving average price is $3.85. The firm has a market capitalization of $75.26 million, a price-to-earnings ratio of -3.87 and a beta of 0.26. Borealis Foods has a 12-month low of $1.81 and a 12-month high of $7.50. Borealis Foods (NASDAQ:BRLS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $7.19 million for the quarter. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 68.06%.About Borealis Foods (Get Free Report)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.Featured StoriesFive stocks we like better than Borealis FoodsLow PE Growth Stocks: Unlocking Investment OpportunitiesThese 3 High-Momentum ETFs Are Riding the Tech WaveWhat Are Some of the Best Large-Cap Stocks to Buy?Verizon Results Trigger Rebound in High-Yield StockWhat is Forex and How Does it Work? Picks & Shovels: Investing in the Physical Foundation of AIThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Borealis Foods Right Now?Before you consider Borealis Foods, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Borealis Foods wasn't on the list.While Borealis Foods currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here