Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Rises By 20.5%

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 8,800 shares, a growth of 20.5% from the November 15th total of 7,300 shares. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the company’s shares are short sold.

Borealis Foods Stock Performance

BRLS stock traded down $0.08 during mid-day trading on Friday, reaching $6.32. 7,068 shares of the stock traded hands, compared to its average volume of 30,639. Borealis Foods has a 52-week low of $3.71 and a 52-week high of $12.50. The stock’s fifty day moving average is $6.03 and its 200-day moving average is $7.28. The company has a debt-to-equity ratio of 4.92, a current ratio of 0.44 and a quick ratio of 0.15.

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.