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

Borealis Foods Inc. (NASDAQ:BRLS) saw a large drop in short interest during the month of 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. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Borealis Foods Stock Performance

BRLS remained flat at $5.97 on Thursday. The company’s stock had a trading volume of 193 shares, compared to its average volume of 6,423. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.15 and a current ratio of 0.44. The firm’s fifty day moving average is $6.00 and its 200-day moving average is $7.24. Borealis Foods has a 12 month low of $3.71 and a 12 month high of $12.50.

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.