Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Up 11.4% in September

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 7,800 shares, an increase of 11.4% from the September 15th total of 7,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 1.9 days.

Borealis Foods Stock Performance

Shares of NASDAQ BRLS traded down $0.19 during midday trading on Thursday, reaching $5.59. 2,502 shares of the company traded hands, compared to its average volume of 35,480. The stock’s 50-day simple moving average is $6.82 and its 200-day simple moving average is $6.89. Borealis Foods has a 12 month low of $3.71 and a 12 month high of $12.50. The company has a quick ratio of 0.26, a current ratio of 0.53 and a debt-to-equity ratio of 2.37.

Borealis Foods (NASDAQ:BRLS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $5.33 million during the quarter.

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.