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

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 9,500 shares, a growth of 14.5% from the December 15th total of 8,300 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.2% of the shares of the stock are sold short.

Borealis Foods Stock Performance

Shares of BRLS stock traded up $0.26 on Friday, reaching $6.40. The company had a trading volume of 742 shares, compared to its average volume of 5,865. The company has a quick ratio of 0.15, a current ratio of 0.44 and a debt-to-equity ratio of 4.92. The business’s 50-day moving average is $6.10 and its 200 day moving average is $6.81. Borealis Foods has a one year low of $3.71 and a one year high of $12.50.

About Borealis Foods

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.