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

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 8,300 shares, a drop of 5.7% from the November 30th total of 8,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 5,300 shares, the short-interest ratio is currently 1.6 days.

Borealis Foods Stock Performance

NASDAQ BRLS traded up $0.31 during midday trading on Tuesday, hitting $5.96. The company had a trading volume of 4,038 shares, compared to its average volume of 29,591. The firm has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $7.10. Borealis Foods has a fifty-two week low of $3.71 and a fifty-two week high of $12.50. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.15 and a current ratio of 0.44.

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.