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

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 13,300 shares, an increase of 12.7% from the January 15th total of 11,800 shares. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 2.4 days. Approximately 0.2% of the shares of the stock are short sold.

Borealis Foods Price Performance

Shares of BRLS stock traded down $0.11 during trading hours on Monday, reaching $6.05. The stock had a trading volume of 167 shares, compared to its average volume of 3,861. The stock’s fifty day simple moving average is $6.07 and its 200 day simple moving average is $6.38. Borealis Foods has a 12 month low of $3.71 and a 12 month high of $11.96. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.44 and a quick ratio of 0.15.

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.