Borealis Foods Inc. (NASDAQ:BRLS) Sees Significant Decline in Short Interest

Borealis Foods Inc. (NASDAQ:BRLS) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 7,300 shares, a drop of 39.2% from the October 31st total of 12,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 1.1 days.

Borealis Foods Price Performance

BRLS stock remained flat at $5.97 on Thursday. The company had a trading volume of 193 shares, compared to its average volume of 6,423. The stock’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $7.24. Borealis Foods has a 1 year low of $3.71 and a 1 year high of $12.50. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.44 and a quick ratio of 0.15.

Borealis Foods Company Profile

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.