Borealis Foods Inc. (NASDAQ:BRLS) Short Interest Down 39.2% in November

Borealis Foods Inc. (NASDAQ:BRLS) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 7,300 shares, a decline of 39.2% from the October 31st total of 12,000 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are short sold.

Borealis Foods Price Performance

NASDAQ BRLS remained flat at $5.97 on Friday. The company had a trading volume of 1,010 shares, compared to its average volume of 5,857. 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 business has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $7.25. Borealis Foods has a 12 month low of $3.71 and a 12 month high of $12.50.

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.