Short Interest in Borealis Foods Inc. (NASDAQ:BRLS) Increases By 12.7%

Borealis Foods Inc. (NASDAQ:BRLS) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 13,300 shares, an increase of 12.7% from the January 15th total of 11,800 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,500 shares, the short-interest ratio is currently 2.4 days.

Borealis Foods Stock Down 1.7 %

BRLS stock traded down $0.11 during trading on Monday, reaching $6.05. 167 shares of the company’s stock were exchanged, compared to its average volume of 3,861. The company has a current ratio of 0.44, a quick ratio of 0.15 and a debt-to-equity ratio of 4.92. Borealis Foods has a 1-year low of $3.71 and a 1-year high of $11.96. The company’s fifty day moving average price is $6.07 and its 200-day moving average price is $6.38.

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.