Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Declines By 5.7%

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

Borealis Foods Price Performance

Shares of NASDAQ BRLS traded up $0.31 during mid-day trading on Tuesday, reaching $5.96. 4,038 shares of the company’s stock were exchanged, compared to its average volume of 29,591. The business has a fifty day simple moving average of $6.13 and a 200 day simple moving average of $7.10. Borealis Foods has a twelve month low of $3.71 and a twelve month high of $12.50. The company has a current ratio of 0.44, a quick ratio of 0.15 and a debt-to-equity ratio of 4.92.

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.