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Short interest in Borealis Foods surged over 9,000% in February, reaching 59,735 shares by Feb. 13.
Short interest in Borealis Foods Inc. (NASDAQ:BRLSW) surged 9,061.8% in February, jumping from 652 shares to 59,735 shares by February 13, with a days-to-cover ratio of 0.3 days.
The stock closed at $0.07 on Wednesday, up $0.02, on below-average volume.
The company, based in Oakville, Canada, develops and distributes plant-based meals like Chef Woo and Ramen Express.
Its 52-week range is $0.04 to $0.16, with a 50-day moving average of $0.05 and a 200-day average of $0.07.
Market sentiment remains negative, with a consensus "sell" rating.
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El interés a corto en Borealis Foods aumentó más del 9,000% en febrero, alcanzando las 59,735 acciones para el 13 de febrero.