Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Increases By 20.5%

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 8,800 shares, a growth of 20.5% from the November 15th total of 7,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is presently 1.4 days.

Borealis Foods Stock Down 1.2 %

Shares of BRLS stock traded down $0.08 on Friday, hitting $6.32. 7,068 shares of the stock were exchanged, compared to its average volume of 30,639. The firm’s 50 day moving average is $6.03 and its two-hundred day moving average is $7.27. Borealis Foods has a one year low of $3.71 and a one year high of $12.50. The company has a quick ratio of 0.15, a current ratio of 0.44 and a debt-to-equity ratio of 4.92.

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.