Borealis Foods Inc. (NASDAQ:BRLSW) Sees Significant Drop in Short Interest

Borealis Foods Inc. (NASDAQ:BRLSW) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 10,700 shares, a decline of 59.2% from the December 31st total of 26,200 shares. Based on an average daily trading volume, of 22,600 shares, the short-interest ratio is presently 0.5 days.

Borealis Foods Stock Performance

Shares of NASDAQ BRLSW traded down $0.02 during trading on Wednesday, reaching $0.09. 11,806 shares of the company traded hands, compared to its average volume of 23,847. The firm has a 50 day simple moving average of $0.08 and a 200-day simple moving average of $0.07. Borealis Foods has a 52-week low of $0.04 and a 52-week high of $0.20.

About Borealis Foods

Borealis Foods Inc engages in the distribution of plant-based protein food products. Its products include Chef Woo, a high-protein instant ramen with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company is based in Oakville, Canada.